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10A Daily News – Saturday, June 8, 2013 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 Make a $500 purchase and Furniture Depot WILL GIVE YOU Your Money at Furniture Depot Spend $100 or more and you will RECEIVE AN EXTRA STORE CREDIT EVEN ON SALE PRICED ITEMS $100 $200 to use on your next purchase to use then or at a later date Stocks jump after US jobs report beats forecasts NEW YORK (AP) — Steady growth in hiring last month sent the stock market sharply higher Friday. The 175,000 jobs added by U.S. employers last month was just what investors wanted. The number suggested that the economy is growing, but not so strongly that the Federal Reserve will pull back from its economic stimulus soon. Wall Street ''This was, in our view, very much a 'Goldilocks' number,'' said Phil Orlando, chief equity strategist at Federated Investors. ''There is zero chance that the Federal Reserve is going to start tapering monetary policy,'' at its next two-day policy meeting starting June 18 The central bank is buying $85 billion of bonds every month to keep interest rates low and encourage borrowing, spending and Pancake Breakfast Saturday, June 29th 7am-10am $ 00 8 Applebee's Restaurant 220 Antelope Blvd Elizabeth Diaz is the Employee of Honor at Red Bluff Healthcare Center With 14 years of dedicated dining devotion, she has earned high respect of everyone. She works equally hard for her family at home. We appreciate Elizabeth and that she enjoys making a difference for those she loves. investing in riskier assets like stocks. Stocks rose strongly Friday morning, then eased slightly in the early afternoon. The gains accelerated in the final hour of trading. The Dow Jones Industrial average had its best day in five months. It rose 207 points, or 1.4 percent, to close at 15,248.12. That gain was surpassed this year only by its 2.4 percent rise Jan. 2. Boeing led the index higher with a gain of $2.73, or 2.7 percent, to $102.49. Industrial conglomerate 3M gained $2.44, or 2.2 percent, to $111.11. Twenty-six of the 30 stocks in the Dow rose. The Standard & Poor's 500 index rose 20.82 points, or 1.3 percent, to 1,643.38. The Nasdaq composite rose 45.16 points, or 1.3 percent, to 3,469.22. Nine of the 10 industry groups in the S&P 500 index rose, led by consumer discretionary stocks, which stand to benefit more than other sectors if the economy picks up. Industrial companies and banks also posted strong gains. The only S&P 500 industry group that fell was telecommunications, a so- called defensive sector that investors favor when they are seeking safety and high dividends. Financial markets have turned volatile over the past two weeks as traders parse comments from Fed officials for hints about when the central bank will cut back on its support. When it happens, the wind-down will help nudge interest GIVE YOUR GARDEN A BURST OF COLOR! With Summer Blooming Trees, Shrubs & Flowers Visit us for a little inspiration! rates higher. For investors who expect the Fed to stay the course, ''these types of slow economic growth reports speak to that,'' said Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management. ''It keeps interest rates at record lows and it keeps the equity markets humming.'' The S&P 500 index is down 1.6 percent since reaching a record high on May 21. The next day, Fed Chairman Ben Bernanke said the Fed could ease up on its economic stimulus Tehama Family Fitness Center Kid's Summer Fit Camps! Fun Workouts, Exercise Skills, Nutrition Education, Active Games, Water Fun, Sports, Goal Setting, And Other Health And Fitness Upcoming Class: ORGANIC INSECT CONTROL Sat., June 15th @ 10am Our Classes are Free. program in one of its next few meetings. In government bond trading, the yield on the 10year Treasury note rose to 2.18 percent from 2.08 percent late Thursday as investors moved out of safer assets. The Labor Department's monthly survey of employment is one of the most important gauges of the U.S. economy and receives close scrutiny from investors. It can frequently cause big moves in financial markets, especially if the report shows that employment is stronger or weaker than economists were expecting. On May 3, the government reported not only a strong pickup in hiring in April but it also revised sharply upward its estimates for job growth in February and March. That sent the Dow Jones industrial average past 15,000 for the first time, while the S&P 500 index broke through 1,600. In the weeks following that report, bond yields rose from 1.63 percent as high as 2.20 percent May 31. That meant investors thought the economy was strengthening, dampening the appeal of low-risk assets like bonds. It also meant investors believed the Fed would act sooner than previously thought to curtail its bond-buying program. Session 1: June 17th-20th • Session 2: June 24th-27th Session 3: July 8th-11th • Session 4: July 15th-18th *All Sessions Run Daily from 1pm-4pm* Meet in the Basketball Gym! Your partner for successful gardening....... 30 per child Per Session 20 per additional child $ $ WYNTOUR GARDENS 365-2256 (same family) *Healthy Snack Provided* 555 Luther Road. Red Bluff 6-12 years old I-5 North, Exit #673, Rt on Knighton, Rt on Airport 530-527-6232 8026 Airport Road, Redding For Information or to Sign Up Contact Located 1 mile south of the Airport (Next to Kents Mkt) Open Mon-Sat 8-5 & Sunday's 10-4 wyntourgardens.com Facebook inform@wyntourgardens.com Aubrie Thomas 528-8656 Tehama Family Fitness Center 2498 South Main St. Red Bluff www.tehamafamilyfitness.com