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10B – Daily News – Saturday, June 19, 2010 Furniture Depot 235 SO. MAIN ST. RED BLUFF 527-1657 MON.-FRI. 9:00-6:00 • SAT. 9:00 -5:00 • SUN. 11:00-5:00 NEW YORK (AP) — Mattress Sets & Adjustable Bed Here’s something for investors beaten down by the market’s sharp declines this spring: The Dow Jones industrial average just had its best two weeks since Novem- ber. Stocks post biggest two-week gain since November Wall Street ‘‘correction.’’ The Dow’s gain of 16 points on Friday was rel- atively modest, but it capped a surge of 5.2 per- cent over the past two weeks that puts the aver- age nearly halfway back to the high for the year that it reached on April 26. Stocks had a longer winning streak earlier this year, an eight-week stretch that ended in late April, but those gains were more gradual. Then a sharp drop in May and early June brought the Dow down as much as 12.4 percent below its 2010 high, a decline that market analysts call a The debate now is focusing on whether that correction phase is over. A correction is generally considered a drop of 10- 20 percent from a recent peak. The Dow has risen back 6.5 percent from its lowest close of the year on June 7, but it’s still down 6.7 percent from its 2010 high. ‘‘I don’t know that we’re totally through the correction,’’ said Stu Schweitzer, global mar- kets strategist at JPMor- gan’s Private Bank in New York. ‘‘I do expect markets to remain quite volatile all through the rest of this year, but I still expect that we’re going to end the year higher.’’ Minerals companies led other shares higher after gold settled at another record high. Bar- rick Gold Corp. jumped 3.5 percent, while New- mont Mining Corp. rose 2.6 percent. Corporate news also brought out buyers. CVS Caremark Corp. rose 1.9 percent and Walgreen Co. rose 2.8 percent after the two companies settled a dispute over pharmacy prescriptions that had threatened to hurt profits. Dow component Cater- pillar Inc. gained 1.4 per- cent after reporting sharply higher sales. The Dow rose 16.47, or 0.2 percent, to close at 10,450.64. The broader Standard & Poor’s 500 index rose 1.47, or 0.1 percent, to 1,117.51. The Nasdaq composite index edged up 2.64, or 0.1 per- cent, to 2,309.80. posted solid gains for the week. The Dow is up 2.3 percent, the S&P 500 2.4 percent and the Nasdaq 3 percent. All three indicators A Glen & Agnes Rich June 8, 1957 A Parents Love On this Fathers Day we wish to celebrate the life of two human angels, our Mother and Father. June 8th our parents would have celebrated their 53rd wedding anni- versary. Our Dad passed away in January ‘09 and Mom in February ‘10. Theirs was a love story that was destined in the stars. Long before blended families were the norm, Mom and Dad forged their way with hers, his and ours. We became a family. For over 52 years these two best friends had a wonderful marriage and it was very rare to see one with out the other. In watching Momma and Daddy interact we learned a lot about what true love was, how to honor and respect your partner, the role of being a great parent and how laughter was the glue that held it all together. Our Mother and Father taught us by example what the word “Family” truly means. They were not wealthy in material items but they were rich in the love they show- ered on their family. Their motto was “A family that played together, stayed together.” Between Sunday drives, playing dominoes and picnics at the park, they taught us all how to dance. The memories of all of us dancing to the Platters contin- ues to bring a smile to my heart. Mom and Dad taught us to love each other unconditionally, to stick together with a decided heart and to live each day to its fullest. Glimpses of them and the values they taught us will continue to live in us kids and we in turn will pass these values on to our children. Even though their physical being has left us, their spirit is still here. If we can find comfort in their passing, it’s to know that they are now reaping the rewards of a life well lived. It’s to know that they have already earned their wings…and they are golden. GONE BUT NOT FORGOTTEN…..www.Iamahumanangel.com The Dow posted its second consecutive weekly gain of more than 2 percent. Before that, the Dow had been down for three weeks. The last time the Dow had a two- week stretch of gains that strong was in November 2009. Advancing stocks nar- rowly outpaced those that fell on the New York Stock Exchange, where consolidated volume came to 4.9 billion shares, versus 4.6 billion the day before. Volume was heavier because of the simultaneous expira- tion of four kinds of futures and options con- tracts, which occurs once every quarter. Feed the Children FOODS DRIVE Collection at participating Downtown Merchants. This is to replace meals local Breakfast and Lunch families in need lost when school let out for the summer. Info 528-8000 Jesse Trading was relatively quiet considering the options and futures expi- rations, which can often bring volatility as traders adjust their portfolios. The week that follows the June expiration is often a losing one for investors. The Dow has posted a loss during that week for the past 11 years, accord- ing to the Stock Trader’s Almanac. Bond prices slipped, pushing interest rates higher. The yield on the benchmark 10-year Trea- sury note rose to 3.23 percent from 3.20 percent late Thursday. The dollar edged lower against the British pound and Japanese yen, while the euro edged down ver- sus the dollar. The euro has regained strength over the past week amid The Back Packs ARE HERE! The Back Packs ARE HERE! Look for them at local businesses encouraging signs in Europe’s efforts to con- trol its debt crisis. Spain had successful bond sales this week, and European leaders pledged to dis- close the results of stress tests on banks. Crude oil rose 39 cents to settle at $77.18 per barrel on the New York Mercantile Exchange. Randy Frederick, director of trading and derivatives at Charles Schwab, said the mar- ket’s bounce from its recent lows has come too quickly. He said profes- sional traders are building up positions in invest- ments that would cushion their losses if the market fell again. ‘‘Not that we’re going into this big ugly bear market but to go back down to the lows that we were at just a few weeks ago, I think, seems very possible based on what I see,’’ Frederick said. ‘‘I see a reason to be a little cautious right now.’’ The coming week brings readings on home sales and consumer senti- ment. The Federal Reserve also will meet on interest rates. Gold settled up $1,258.30 an ounce, a gain of $9.60. Barrick Gold rose $1.56, or 3.5 percent, to $46.38, and Newmont Mining climbed $1.57, or 2.6 per- cent, to $61.25. CVS rose 59 cents to $32.43, while Walgreen gained 82 cents to $30.09. Caterpillar gained 90 cents to close at $65.85. The Russell 2000 index of smaller compa- nies rose 1.07, or 0.2 per- cent, to 666.92. 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