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10A Daily News – Saturday, June 15, 2013 Save an additional Furniture Depot $100-$200 off 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Lazboy Recliners Your Money Save some money & put a smile on Dad's face Disappointing reports help push US stocks down NEW YORK (AP) — Disappointing reports about the U.S. economy helped push the stock market lower on Friday. Concerns that the Federal Reserve could announce plans to cut back its stimulus program next week also weighed on the mood. Americans' confidence in the economy weakened in June and was lower than economists had estimated, according to the Thomson Reuters/University of Michigan survey out Friday. Another report said factories weren't as busy as expected. The International Monetary Fund, a global lender, $ 56,15133 Wall Street offered no help. The IMF said Friday that U.S. government spending cuts that kicked in March 1 were ''ill-designed'' and slowed the economy down. The Standard & Poor's 500 index sank 9.63 points, or 0.6 percent, to 1,626.73. Media company Gannett fell the most, dropping $1.61, or 6 percent, to $24.99. ''There was just no good news today,'' said Cam Albright, a director at Wilmington Trust Investment Advisors in Wilmington, Del. Add the handful of economic reports out Friday to the anxiety over the Fed's stimulus program, ''and you have the recipe for a soft in Discount Coupons were published last week in the DAILY NEWS RED BLUFF TEHAMA COUNTY … And that does not Count all the ads offering percentage discounts, two-for-ones and Free-with-Purchase offers! Don't miss a Day of it! Subscribe Today 527-2151 It pays for itself. Pancake Breakfast Saturday, June 29th 7am-10am $ 00 8 Applebee's Restaurant 220 Antelope Blvd *approx. value Fireworks Fundraising Dinner & Raffle June 15th 6pm Red Bluff Elks Lodge Full Spaghetti Dinner $ 12.00 Bring the family & help raise money for our 4th of July Fireworks display All proceeds will go to 4th of July Fireworks display market to finish the week,'' he said. The Dow Jones industrial dropped 105.90 points, or 0.7 percent, to 15,070.18. American Express led the Dow lower, losing $2.24, or 3 percent, to $72.97. Market indexes flitted from slight gains to losses in morning trading, a contrast to the sudden lurches in previous days. All three major indexes lost 1 percent or more this week. Trading has been volatile since late May as traders try to figure out when the Fed will dial back its aggressive support for the U.S. economy. This week was no different: The Dow slumped a total of 243 points on Tuesday and Wednesday then jumped 180 points Thursday. The blue-chip average has made moves of 100 points or more in seven of the last 10 trading days. The Fed buys $85 billion in bonds every month as part of a campaign to keep interest rates extremely low. The aim is to encourage borrowing, spending and investing. Some investors worry that long-term interest rates could spike when the Fed pulls back, raising Sierra Sound NEW & USED CD's Special Orders Avail. Car Stereo Sales - Service Installation We make house calls! 226 So. Main St., Red Bluff 527-3735 borrowing costs and threatening the economic recovery. Higher yields for government bonds have already started pushing mortgage rates up. Policymakers at the Fed will start a two-day meeting Tuesday to discuss the central bank's next steps. After the meeting wraps up, the bank will release its policy KWIK KUTS Family Hair Salon 20 % off ANY RETAIL PRODUCT with any chemical service of $50 or more 200 Regular $ Haircut off Reg. $13.95 Not good with other offers Expires 6/30/13 With coupon statement and Fed Chairman Ben Bernanke will hold another press conference. Scott King, senior fiduciary investment adviser at Unified Trust in Lexington, Ky., said that investors in recent weeks have been influenced more by wondering about what the Fed might do than by the under- lying economy. ''You have a number of Fed governors saying the opposite to what Bernanke is saying,'' King said. ''And that's made the markets more jittery.'' King said investors were disappointed Friday by the drop in consumer confidence. He described the economy as ''plodding along.'' ''Wage growth continues to be pretty meager, and unemployment continues to be lackluster,'' King said. Banks led nine of the 10 industry groups in the S&P 500 lower. Utilities made slight gains. Investors tend to favor these safety plays when they want stable companies that pay steady dividends. The S&P 500 hit a record high of 1,669 on May 21. The next day, Fed officials said they would consider pulling back on their stimulus program once the economy looks healthy enough. The S&P 500 has lost 2 percent since. In other Friday trading, the Nasdaq composite index lost 21.81 points, or 0.6 percent, to 3,423.56. Tuscan Pool Supply OPEN YEAR ROUND 50 lb. Clearview Tabs on SALE $ 140 .00 thru end of June 10 Damon Ave., Red Bluff 530-527-3262 • www.tuscanpools.com 1064 South Main St., Red Bluff • 529-3540 DELIGHT YOUR DAD!! Does your family need help with school clothes this year? We can help. With a Traeger smoker/grill the entire family will enjoy! All our wood-pellet smoker models have a 3-yr. warranty, are ready to take home with guaranteed low prices ranging from $299 to $1299 with factory rebates if purchased in June! Our showroom is open every Saturday from noon to 5PM OR by calling (530) 200-0656 to schedule a convenient visit. Thursday, June 20, 2013 12:00pm-7:00pm Friday, June 21, 2013 3:00pm-7:00pm Saturday, June 22, 2013 3:00pm-7:00pm Location - Lariat Bowl. 365 South Main WILD WILLY'S SMOKEHOUSE 8570 HIGHWAY 99E Proof of county residency & 2012 tax return or current pay stubs or passport to County Services. Only children K-12 are eligible ONE MILE NORTH OF LOS MOLINOS "TASTE THE DIFFERENCE" OF HASSLE FREE COOKING WITH ECONOMICAL HARDWOOD PELLETS For more info see www.wildwillyssmokehouse.com or the BBQ Equipment Supply facebook page. 2013 Application Information What you need to apply Send your donations to Back to School Project, c/o Tehama Education Foundation PO Box 292, Red Bluff, CA 96080. Sending every child back to school with pride, dignity and a feeling of self-worth. 529-4074 - www.backtoschoolproject.com