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Main St. Red Bluff 530-529-5888 (No Checks) 10 % off COUPON on dinner only (everyday) Expires 7-31-10 COUPON Stocks fell further after a twice-monthly survey from the University of Michigan and Reuters found that consumers’ gloom is increasing. An index of consumer senti- ment compiled from the survey fell to 66.5 in early July from 76. That was a bigger drop than expected. ‘‘It’s mostly about the poor consumer confidence numbers,’’ said Anthony Conroy, managing director and head trader for BNY ConvergEx Group. ‘‘The possibility of a double dip also starts to come to mind’’ for investors, he said, referring to a phrase that describes the economy falling back into recession. The unexpectedly low reading on consumer confi- dence ‘‘spooks people and reinforces fears that the economy is slowing too much too fast,’’ said Scott Marcouiller, chief technical market strategist at Wells Fargo Advisors. He noted that stocks had just enjoyed a seven-day winning streak, which makes them vulnerable to a big drop. And light volume, typical for a summer Friday, exac- erbated the losses. The market’s retreat fol- lowing a big gain fit with its pattern since late April, when the major indexes hit 2010 highs and then tum- bled amid a variety of eco- nomic worries. But it was- n’t just the economic data that set investors off Friday. ‘‘You get a few bad earnings numbers and it’s a lot of excuses to take prof- its if you got them,’’ Mar- couiller said. Stocks had struggled to COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2995 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. a mixed finish Thursday after being down for much of the day on disappointing regional manufacturing reports for the Northeast. Much of the deficit was erased late in the day as news began to circulate that Goldman Sachs Group Inc. had settled civil fraud charges with the govern- ment over its dealings with subprime mortgage securi- Savings throughout store Stocks drop on weak consumer sentiment Wall Street ties. The Dow fell 261.41, or 2.5 percent, to 10,097.90. The Standard & Poor’s 500 index fell 31.60, or 2.9 per- cent, to 1,064.88. The Nas- daq composite index fell 70.03, or 3.1 percent, to 2,179.05. For the week, the Dow is down 1 percent, the S&P 500 is down 1.2 percent, and the Nasdaq is down 0.8 percent. About four stocks fell for every one that rose on the New York Stock Exchange, where consoli- dated volume came to 5.4 billion shares, up from Thursday’s 4.6 billion. Bond prices rose in what’s known as a flight to safety. That sent their yields lower. The yield on the benchmark 10-year Treasury note, which helps set interest rates on mort- gages and other kinds of loans, fell to 2.93 percent from 3.00 percent late Thursday. The Dow ended its seven-day winning streak on Thursday. It was down as much as 126 points early in the day, but closed down just 7 as word spread about the Goldman Sachs settle- ment. The euro climbed above $1.29 as it recovers follow- ing a steep plunge earlier this year amid fears that government debt in many European nations would send the continent back into recession. ATTENTION! Persons interested in forming a NEW CHURCH in Red Bluff that’s Presbyterian, Calvinistic, & Evangelistic, committed to the absolute truth of the Holy Bible & the doctrines of the Westminster Standards, contact pastor David Stark at Grace Presbyterian in Redding, 530-223-5288. Bible Study in Red Bluff Tuesdays serve beer & wine We now