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8B Daily News – Thursday, March 28, 2013 Furniture Depot SALE 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 *"no sales tax" in reference to discount given equal to the amount of calculated sales tax. throughout the store Investors struggle to get past Europe's woes NEW YORK (AP) — Investors just can't get past Europe. Renewed worries about the region's debt crisis weighed on the Dow Jones industrial average on Wednesday, and held the Standard & Poor's 500 index back from reaching an alltime high. Investors are watching to see if Cyprus can shore up its banking system. They are also concerned about Italy, where political parties are struggling to form a new government. Wall Street The Dow fell 33.49 points to close at 14,526.16, a loss of 0.2 percent. It dropped as many as 120 points in morning trading then spent the rest of the day climbing back. The Standard & Poor's 500 index slipped 0.92 to 1,562.85, less than three points short of its all-time high set in October 2007. Bad news from Europe and good news from the U.S. have ''There are still plenty of worries about (Europe's) banking system. But the U.S. really is on a nice little roll.'' — J.J. Kinahan, chief derivatives strategist at TD Ameritrade tossed the stock market around over the past week. Stocks slumped Monday as Cyprus scrambled to rescue its banks. They rallied Tuesday on stronger home prices and a jump in factory orders. ''There are still plenty of worries about (Europe's) banking system,'' said J.J. Kinahan, chief derivatives strategist at TD Ameritrade. ''But the U.S. really is on a nice little roll.'' Kinahan said he thought the S&P 500 could make another run Sierra Sound NEW & USED CD's Special Orders Avail. Car Stereo Sales - Service Installation We make house calls! 226 So. Main St., Red Bluff 527-3735 Reuse Facility What?: REAP the benefits of Reuse at the REAP (Reuse of Available Products) Facility. How much? All items are Free! What can I get? • Paints • Cleaning Supplies • Polishes • Stains • Automotive Fluids • and much more Where? At the Tehama County/Red Bluff Landfill: 19995 Plymire Rd., RB When? Monday-Friday 9am - 4pm. For more information, please contact: 528-1103 or visit www.tehamacountylandfill.com at its record high on Thursday. Cyprus is preparing to reopen its banks on Thursday after a nearly two-week shutdown. An international bailout requires people with large bank balances to help pay for the rescue. In Italy, a leading political party failed in its attempt to form a new government. The stalemate has raised fears that the country will be unable to manage its deep debts. Italy has the third-largest economy of the 17 countries that use the euro. Worries also hit Europe's bond markets especially hard. Borrowing rates for Italy and Spain shot higher, a sign of weaker confidence in their financial health. Rates for Germany and France, two of Europe's more stable countries, sank as traders shifted money into their bonds. 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 C & C PROPERTIES An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 FORECLOSURES AND HOMES UNDER $200,000 3 BD 2 BD 1 BD 3 BD 3 BD 3 BD 4 BD 1 BD 2 BD 4 BD 3 BD 2 BD 6 BD 3 BD 3 BD 3 BD 3 BD 3 BD 1 BA 1 BA 1 BA 1 BA 2 BA 2 BA 2 BA 1 BA 1 BA 2 BA 2 BA 2 BA 3 BA 2 BA 2 BA 2 BA 2 BA 2 BA 1152 Sq.Ft. 768 Sq.Ft. 384 Sq.Ft. 1078 Sq.Ft. 1299 Sq.Ft. 1312 Sq.Ft. 1478 Sq.Ft. 1080 Sq.Ft. 1356 Sq.Ft. 1592 Sq.Ft. 1688 Sq.Ft. 1640 Sq.Ft. 3000 Sq.Ft. 2124 Sq.Ft. 1560 Sq.Ft. 1701 Sq.Ft. 1560 Sq.Ft. 1701 Sq.Ft. 0.32 AC 0.127 AC 1.6 AC 0.22 AC 1.84 AC 0 AC 0 AC 0.149 AC 0.37 AC 0.48 AC 8.01 AC 0.01 AC 0.29 AC 1 AC 13.54 AC 10.56 AC 0.74 AC 10.51 AC $75,000 $99,000 $109,000 $109,500 $119,000 $135,000 $145,000 $148,000 $149,000 $167,000 $169,000 $169,900 $174,900 $179,000 $179,500 $189,000 $189,900 $192,900 Prop Code 4729 Prop Code 4379 Prop Code 4389 Prop Code 4559 Prop Code 4179 Prop Code 4719 Prop Code 4849 Prop Code 4029 Prop Code 4109 Prop Code 4339 Prop Code 4909 Prop Code 4269 Prop Code 4439 Prop Code 4829 Prop Code 4979 Prop Code 4079 Prop Code 4759 Prop Code 4099 See All Tehama County Listings at www.redbluffcoldwellbanker.com TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK In the U.S., the Nasdaq composite inched up 4.04 points, or 0.1 percent, to 3,256.52. Four of the 10 industry groups in the S&P 500 index edged higher. Utilities and health care, which investors tend to buy when they want to play it safe, made the biggest gains. Health care is the best performing industry in the S&P this year, up 14 percent. That compares with a 10 percent rise for the S&P 500. Kim Forrest, a senior equity analyst at Fort Pitt Capital, said it appears that many investors are treating certain stocks as if they were bonds. ''There's a recognition that bonds are overpriced, so people are moving into healthcare and utilities that pay a nice dividend,'' she said. ''Those are pretty boring investments, and by that I mean their prices don't move a lot.'' News about Italy also helped drive traders into the safety of U.S. government bonds, pushing benchmark yields to their lowest level this month. The yield on the 10-year Treasury note dropped to 1.84 percent, a steep fall from 1.91 percent late Tuesday. The S&P 500 closed within three points of its record high of 1,565.15. The stock index hit that peak on Oct. 9, 2007, before the Great Recession and a financial crisis roiled financial markets. Among other stocks making big moves: — Cliffs Natural Resources, an iron ore mining company, plunged 14 percent, the biggest loss in the S&P 500. Analysts warned that falling iron ore prices would likely sink the company's stock. Cliffs fell $2.97 to $18.46. — Science Applications International Corp. surged 5 percent after the security and communications technology provider reported a fourth-quarter profit that was better than analysts were expecting. SAIC also announced a special dividend of $1 per share, and its stock gained 50 cents to $13.32.