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8B – Daily News – Wednesday, March 16, 2011 Fears over the escalating nuclear crisis in Japan over- took financial markets around the globe Tuesday, pushing stocks and other investments lower. The Japanese stock market lost 10 percent of its value, and Wall Street dropped steeply before bouncing back. The Japanese Nikkei average fell to its lowest level in nearly two years after the country’s prime minister said four crippled Japan crisis puts world financial markets on edge Wall Street NEW YORK (AP) — reactors at a nuclear power plant on the country’s dev- astated coast were leaking dangerous amounts of radi- ation. In the U.S., the Dow Jones industrial average fell almost 300 points at the opening bell. The futures market, which can indicate how stocks will perform, looked so ugly before trad- ing began that the New York Stock Exchange invoked a special rule to smooth volatility. The Dow recovered somewhat later in the day but still closed down 138 points, or more than 1 per- cent. “It’s a situation where you sell first and ask ques- tions later,” said Peter Cardillo, chief market econ- omist at New York-based brokerage house Avalon Partners. Investors sold stocks pri- A local event – part of a national campaign to promote physical activity for American Indians and Alaska Natives 1921 ~ 2011 A series of non-competitive walks and runs open to families, individuals of all ages and people of all cultures. Friday, March 18 11:30 AM-12:30 PM Registration and Start Ginger’s Fitness Palace 1036 Madison Ave, Red Bluff • All participants receive a FREE pass for a class at Ginger’s Fitness Palace • Allison Marshall will be giving out FREE pass for Circuit Training Class • Come meet the BeastUP Fight Team The goal is simple: Just get people moving – for health, emotional well-being … and FUN! For more information contact Avery Vilche at 200-2224 or Renee Timmons at 567-5528 Co-Sponsored by: D NEWSAILY RED BLUFF TEHAMACOUNTY APRIL 15, 16, 17, 2011 www.redbluffroundup.com Visit us on facebook (530) 527-1000 1-800-545-3500 AMERICA’S ORIGINAL EXTREME SPORT! RODEO Best of Tehama County Will be announced in a special section on Digital Edition will stay online through March, 2012 2011 Winners Thursday, March 31, 2011 D NEWSAILY RED BLUFF TEHAMACOUNTY Visit us at: marily because of fear that the disaster in Japan would slow down the global econ- omy. Japan is the world’s third-largest economy, man- ufacturing goods from com- puter chips to automobiles, and buys 10 percent of U.S. exports. The jarring day came less than a week after the two-year anniversary of the low point for the markets after the 2008 financial cri- sis. Stocks have almost dou- bled in value since March 9, 2009. Over the last five trading days, however, the Standard & Poor’s 500 index has nearly lost 3 percent because of higher oil prices, signs of weaknesses in China’s economy, and the still unknown impact of the quake and tsunami in Japan. Stocks pared earlier loss- es after the Federal Reserve said that the U.S. economy was on “firmer footing.” Still, 29 out of the 30 stocks that make up the Dow industrial average closed lower for the day. The Dow Jones industri- al average closed down 137.74 points, or 1.1 per- cent, at 11,855.42. The S&P fell 14.52 points to 1,281.87. All 10 types of companies that make up the index finished lower. Utili- ties had the largest fall, los- ing 1.9 percent, because of concerns that the disaster in Japan will make countries rethink plans for nuclear energy. First Solar, a com- pany that makes solar pan- els, gained 8.1 percent to lead the S&P index. The yield on the bench- mark 10-year Treasury note fell to 3.32 percent from 3.36 late Monday. Oil prices fell $4 to $97.18 a barrel. NOW OPEN FOR BEST SELECTION CALL NOW!!! TICKET OFFICE