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8B – Daily News – Saturday, December 4, 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 Register to win 1 of these Fantastic Prizes 11/26 thru 12/18 Groceries $500 in Gas $250 Fun Package $ Family 300 Gold Exchange 530 528-8000 in Gas The $250 413 Walnut St., Red Bluff 12 24 TEN10 Groceries $500 LASSEN STEAK HOUSE Full Bar • 9 Beers On Tap Big Screen TVs • Pool Room ANGUS STEAK Call 530 839-2838 Corner of Hwy 99E & Vina 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 BLACK NEW YORK (AP) — Stocks staged a late afternoon rally after spending most of the day weighed down by an unexpected rise in the unemployment rate. Indexes wound up clos- ing higher for the third straight day. The Dow Jones indus- Open Mon. thru Sat. 10am – 6pm Put us on your Christmas List! Gift Certificates Available Stocking Stuffers Also Carrying Used Equipment & Trays trial average rose 2.6 percent for the week, its best weekly gain since hitting a 2010 high on Nov. 5. The Dow is now just 0.5 percent below that level. Materials and energy companies led the rebound. Newmont Min- ing Corp. gained 3.1 per- cent and oil field ser- vices company Schlum- berger Ltd. added 2.5 percent. The dollar fell ‘Tis the Season Food Drive! December 7, 2010 Raley’s Supermarket (In the parking lot) 2pm until 8pm our community’s food pantry can continue feeding local (hungry) families and individuals! 12/24 TV will be doing a LIVE BROADCAST from the Raley’s parking lot. Thank You, Red Bluff, for your generous support of this event. We could not do it without you. In the past, local businesses, service clubs, churches, schools, Government agencies and people in our community have made this event a success. WE WILL NEED AT LEAST 7 VOLUNTEERS FROM 2PM TO 4PM AND 20 VOLUNTEERS FROM 4PM TO 8PM to receive & sort the donated food and to clean up. Contributions may be sent to: The Salvation Army PO Box 935, Red Bluff, CA 96080 www.redbluffsalarmy.org Bring canned goods to fill the trailer so 1.4 percent against an index of six other cur- rencies. Oil and gold prices rose. Michael Sheldon, chief market strategist at RDM Financial Group in Westport, Conn. said the relationship between a weaker dollar and stronger stocks followed a recent trend. ‘‘You don’t see it every day, but it’s a clear inverse relationship: When the dollar goes down, stocks go up,’’ he said. Industrial and basic materials companies that derive much of their rev- enue from overseas tend to rise when the dollar falls. That’s because their earnings from other countries are worth more in U.S. dollars when the dollar falls against other currencies. The Dow Jones indus- trial average rose 19.68, or 0.2 percent, to close at 11,382.09. The Standard & Poor’s 500 rose 3.18, or Recliner Sale Starting at $29900 NEW shipment just arrived Stocks recover after employment report Wall Street 0.3 percent, to 1,224.71. The Nasdaq composite index rose 12.11, or 0.5 percent, to 2,591.46. Stocks spent most of the day in a slump. The Labor Department reported that the unem- ployment rate climbed to a seven-month high of 9.8 percent in Novem- ber. Employers added just 39,000 jobs, far below what economists forecast. Expectations of job growth had risen Wednesday after a report showed that private com- panies were hiring at the fastest pace in three years. That and strong reports Thursday on retail spending and home sales pushed the Dow Jones industrial average up 356 points in two days. Of the 30 stocks that make up the Dow, 17 rose. Bank of America Corp. led the index with a 1.5 percent gain. Cisco Systems Inc. was the index’s laggard with a 0.8 percent loss. The weak jobs report served as a reminder that the recovery is proceed- ing fitfully. The reces- sion that started in December 2007 ended more than a year ago, in June 2009, according to the National Bureau of Economic Research. But the fallout lingers in the form of a rising unem- ployment rate. Econo- mists say the economy will have to add up to 300,000 new jobs a month before the unem- ployment rate drops sig- nificantly. ‘‘The U.S. may have to face the fact that unemployment is going to be high for a long time,’’ said Drew Matus, a senior economist at UBS. ‘‘There are people who need to be retrained for new jobs and that will take time.’’ In corporate news, discount retailer Big Lots Inc. fell 5 percent after reporting that its third-quarter income dropped 42 percent. Rising shares out- paced falling ones by almost two to one on the New York Stock Exchange. Consolidated volume was 3.8 billion shares. 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