Issue link: https://www.epageflip.net/i/120350
10A Daily News – Saturday, April 6, 2013 FURNITURERed Bluff DEPOT 235 So. Main St., Simmons Mattress SALE Going On Now! 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Stocks end lower after disappointing jobs report NEW YORK (AP) — Stocks fell on Wall Street Friday after the government reported that U.S. employers added the fewest jobs in nine months in March and more people gave up looking for work. The Dow Jones industrial average ended 40.86 points lower at 14,565.25, a loss of 0.3 percent. The index was down as much as 171 points in the early going. It rose gradually throughout the day to reclaim much of its early loss. U.S. employers added just 88,000 jobs in March, according to the Labor Department's monthly survey. That's half the pace of the previous six months. The report was far worse than economists had fore- Good News Lawns & More *Lawn Care (Weekly/Monthly) *Yard Clean-Up *Weed Abatement * Lite Handyman cast and a disappointment for investors following positive signs on housing and the job market over the winter. The survey, one of the most closely watched indicators of the economy, dented investors' confidence that the U.S. was poised for a sustained recovery. The stock market has surged this year, pushing the Dow to another record high close on Tuesday. The index is still up 11.2 percent this year. ''Things are still looking decent, but there's no doubt that this was a bit of a disappointment,'' said Brad Sorensen, Charles Schwab's director of mar- Now Serving Beer & Wine ~~~~~~~~~~~~~~ Prime Rib ***and more every Fri. & Sat. FREE ESTIMATES Best Homemade Pies in Town • Ice Cream Orders to go 530-526-9789 LIC#11349 Spring is here... Time to clear!! 731 Main St., 530.529.4012 ket and sector research. ''We're watching to see: is this the start of another soft patch?'' In other trading, the Standard & Poor's 500 index fell 6.70 points, or 0.4 percent, to 1,553.28. The index logged its worst week of year, falling 1 percent. Technology stocks fell the most of the 10 industry groups in the index, dropping 1 percent. Among big decliners in tech stocks, Cisco Systems fell 43 cents, or 2 percent, to $20.61. Oracle dropped 34 cents, or 1 percent, to $32.03. Investors were reducing their exposure to risk. The utilities and telecommunications industries bucked the downward trend in the market. Both rose 0.4 percent. The rich dividends and stable earnings provided by those companies make them attractive to investors who want to play it safe. Natural gas companies were among the best performers on the S&P 500 as the price of the fuel rose 4.5 percent on concerns about supplies. The price of the fuel has risen 21 percent since the start of the year. Cabot Oil & Gas climbed $3.32, or 5.1 percent, to $67.96 and WPX Energy gained 80 cents, or 5.2 percent, to $16.15. Stocks pared their early losses as some investors inferred that slowing U.S. growth meant that the Federal Reserve would stick to its stimulus program. The Baxter Black, Wall Street Sierra Sound THE GREAT RED BLUFF HEIST NEW & USED CD's Will be giving out $2500 in FREE "Loot" from 65 local businesses. Cowboy Poet, April 16, 7:00 p.m., State Theatre. Tickets at The Loft, Gold Exchange, Shasta Farm & Equipment, Cottonwood, Rabobank, Corning or online at www. statetheatreredbluff.com open 7 days 5:30am-9pm www.redbluffroundup.com (530) 527-1000 92ND 1-800-545-3500 SATURDAY START Friday Family TIME Packs $ 1921 ~ 2013 2:30 35 PM Special Orders Avail. Car Stereo Sales - Service Installation We make house calls! 226 So. Main St., Red Bluff 527-3735 central bank is buying $85 billion dollars in bonds every month as part of an effort to revive the economy. Its actions have been a big factor pushing the stock market higher this year. Quincy Krosby, a market strategist at Prudential Financial, said the slowdown in hiring made it more likely that the Fed would continue with its easy-money policy, which includes keeping interest rates at historically low levels. Investors will shift their focus to earnings reports next week. The Nasdaq composite, which includes many technology companies, fell 21.12 points, or 0.7 percent, to 3,203.86. Saturday, April 13th 1pm Downtown Red Bluff at the $ famous Chili Cook-Off Sponsored by The Gold Exchange proceeds to benefit Economic Development Branding Project Premiering at the State Theatre on April 12th Tickets $5 "Eight Seconds" Doors open at...3:00 pm APRIL 19, 20, 21, 2013 Texas BBQ Kids Eat FREE Everyday *with purchase of adult entree 723 Main St. 530.527.5470 Classic Films Double Feature Show Times 2:30 PM Palomino Room Heritage Film Festival Presents Available at... Crossroads Ranch & Feed Tehama County Association of Realtors Red Bluff Chamber of Commerce Online at www.statetheatreredbluff.com SATURDAY START TIME COUPON "Gone With the Wind" Doors open at...5:45 pm COME ENJOY TWO UNFORGETTABLE CLASSICS FOR THE PRICE OF ONE! Gold Exchange