Issue link: https://www.epageflip.net/i/27432
10A – Daily News – Friday, March 18, 2011 NEW YORK (AP) — Signs that the U.S. econo- my is improving helped investors put aside fears over Japan’s nuclear crisis Thursday, if only temporar- ily. It was the first gain in the market after three days of losses. Stocks rose broadly. All of the 10 groups rose in the Standard & Poor’s 500 index, the basis for most U.S. mutual funds. Twenty- six of the 30 stocks that make up the Dow Jones industrial average rose, led by a 3.2 percent increase in Hewlett-Packard Co. All 30 Stronger economic reports help stocks rebound Wall Street fell the day before. The Standard & Poor’s 500 rose 16.84, or 1.3 per- cent, to 1,273.72. With Thursday’s gains, the Dow and S&P 500 are up more than 1 percent for the year. The Dow gained 161.29 points, or 1.4 percent, to 11,774.59. The index fell 242 points Wednesday, its largest drop since August. A gauge of manufactur- ing in the mid-Atlantic region jumped in February to the highest point since Saturday, March 26 County-wide Customer Appreciation Days Start And more … from Tehama County’s most customer- minded local businesses … Special section of sales, discounts, bargains Exclusively in the D NEWSAILY RED BLUFF TEHAMACOUNTY On Saturday, March 26 It’s the way these local businesses say “Thank You” for remembering to “shop local,” supporting the tax base that provides local services, protecting local jobs and much more. Don’t Miss It! Look for posters around town the week of March 21 In the windows of participating stores and businesses. BUSINESSES: To participate contact your Daily News advertising representative (530) 527-2151 business one of THE BEST? Is YOUR If so, you likely know by now! But if you have not yet placed an ad to say THANK YOU to your customers who voted you #1 in your business category, better call your Daily News advertising representative right away! D NEWSAILY (530) 527-2151 RED BLUFF TEHAMACOUNTY January 1984. The survey from the Federal Reserve’s Philadelphia branch showed new orders soared. Production at U.S. facto- ries, mines and utilities dipped last month but was actually higher in previous months than first estimated, according to the Federal Reserve. The Labor Department reported that the number of people applying for unem- ployment benefits fell more than economists expected last week. Ongoing claims dropped to the lowest level since October 2008. ‘‘It’s a reminder that the U.S. economy continues to gain momentum,’’ said Alan Gayle, senior invest- ment strategist at Ridge- Worth Investments in Rich- mond, Va. ‘‘Economic growth leads to more spending, more production and ultimately rising prof- its,’’ he said. ‘‘And at the end of the day, that’s what investors buy: rising prof- its.’’ FedEx Corp. rose 3 per- cent. The world’s second- largest delivery company said revenue rose 11 per- cent in the most recent RANDAL S. 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Have you ever been embarrassed by a denture or a bridge? If you answered “yes” to one or more of these questions, call us today at (530) 527-6777 to schedule an evaluation appointment. We would be pleased to evaluate your oral health and discuss treatment options with you. quarter, mostly due to high- er shipping rates. FedEx said those higher rates may help it beat earnings fore- casts in the future. United Parcel Service Inc., FedEx’s rival, rose 1.7 per- cent. The dollar dropped to an all-time low against the Japanese yen late Wednes- day, reaching 76.53 yen to the dollar. By Thursday afternoon, the yen had weakened and was trading at 78.97 yen to the dollar. When the yen loses strength, it takes more yen Alan Wylie Inspector 4950 Mountain Lakes Blvd #B Redding, CA 96003 Mobile: 530/638-1015 TERMITE INSPECTION FREE & SERVICE* or UP TO 15% OFF TERMITE TREATMENT PEST EVALUATION FREE & SAVE 10% OFF PEST CONTROL SERVICE* to buy one dollar. A stronger yen would hurt Japan’s exporters, potentially dealing another problem to an economy already wracked by an earthquake, tsunami and evolving nuclear crisis. Bond prices fell for the first time in three days, pushing their yields higher, as investors put money back into riskier assets like stocks. The yield on the 10- year Treasury note rose to 3.26 percent from 3.20 per- cent. A separate report from the Labor Department showed consumer prices edged higher in February. The Consumer Price Index rose 0.5 percent last month, slightly stronger than fore- casts. Core prices, which exclude food and fuel costs, edged up 0.2 percent, the same as the previous month. The Nasdaq rose 19.23, or 0.7 percent, to 2,636.05. The technology-heavy index is down 0.6 percent for the year. Three stocks rose for every one that fell on the New York Stock Exchange. Consolidated volume came to 4.1 billion shares. 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