Issue link: https://www.epageflip.net/i/121679
10A Daily News – Saturday, April 13, 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 a four-day advance as energy slides NEW YORK (AP) — A four-day surge in the stock market came to an end on Friday as falling commodity prices brought down energy and mining companies. Signs of a slowing econ- Wall Street omy rattled commodity markets. The price of crude oil dropped 2 percent to $91 a barrel as weak U.S. economic reports followed forecasts for weaker oil demand. Gold plunged $64 to $1,501 an ounce, reaching its lowest level since July 2011. One trigger for the latest plunge was a government report that U.S. wholesale prices fell the most in 10 months in March. Traders tend to sell gold when inflation wanes. Traders also pushed gold prices lower on reports that Cyprus may sell some of its gold reserves, possibly prompting other weak European countries like Italy and Spain to do the same. Compared to commodities markets, the stock market looked stable. The Dow Jones industrial average dropped just 0.08 of a point to close at 14,865.05. The Standard & Poor's 500 lost 4.52 points, or 0.3 percent, to 1,588.85. The two major indexes finished the week with strong gains: The Dow rose 2.1 percent, the S&P 500 rose 2.3 percent. David Joy, the chief market strategist for Ameriprise Financial, said it's as if the stock market is telling a different story from the bond and commodity markets. Copper and other industrial metals slid along with gold on Friday, while Treasury yields sank near their lows for the year. He said both imply traders in those markets are more worried about a slowdown. ''It gives me pause,'' Joy said. ''Commodities and bonds are telling stock investors: don't be in such a hurry to say the U.S. economy is in great shape.'' The sharp drop in gold futures tugged down mining companies. Western heritage. Cattlemen and women. Bigtime rodeo. Old California. Victorian homes. Antique stores. World class hunting and fishing. Agri-Tourism. World-famous motorcycle road. Alpine hiking and camping. Volcanic legacy. Award winning olive oils. Slow foods. Wineries in the pines. Warm, welcoming people. We love it here. They will, too. Spring-summer edition published May 25 Advertising deadline: Friday, May 3