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10B – Daily News – Saturday, April 9, 2011 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 NEW YORK (AP) — A surge in oil and the threat of a government shutdown weighed on stocks Friday. Investors kept one Thru Thurs. March 31, 2011 NoTAXSale *”no sales tax” in reference to discount given equal to the amount of calculated sales tax. Stocks waver as government shutdown looms Wall Street would continue. eye on Washington, where Republicans and Democrats were in the final day of talks to reach a budget agree- ment. Without a deal, the federal government is expected to stop all ser- vices that aren’t consid- ered essential. That means most economic reports would be sus- pended. Sales of debt Benchmark crude oil jumped $2.49 to settle at $112.79 per barrel on the New York Mercan- tile Exchange. That’s the highest price since Sept. 22, 2008. Over the past two months, most stocks have fallen following large jumps in oil prices as investors worried that higher transportation costs would cut into company margins and consumer spending. The Dow Jones industrial average lost 29.44 points, or 0.2 per- cent, to close at 12,380.05. The Stan- dard & Poor’s 500 index slipped 5.34, or 0.4 per- cent, to 1,328.17. The Nasdaq composite lost 15.72, or 0.6 percent, to 2,780.42. The Dow ended the week flat, while the S&P and Nasdaq lost 0.3 percent. All three indexes made gains in the previous two weeks. Transportation com- panies fell. Delta Air Lines Inc. dropped 3.9 percent, and United Parcel Ser- vice Inc. lost 1 percent. Energy companies rose, leading the 10 industry groups within the S&P 500. Occidental Petrole- um Corp. rose 2.6 per- cent, and Anadarko Petroleum Corp. rose 1.6 percent. Todd Salamone, director of research at Schaeffer’s Investment Research, said most stocks tend to rise along with oil prices over the long term. ‘‘The recent break- broadly. The Euro Stoxx 50, an index of European blue chips, gained 0.7 percent. Japan’s bench- mark Nikkei index rose 1.9 percent. Expedia Inc. rose 13 percent, the most in the S&P 500 index, after it said it would split off its TripAdvisor.com divi- sion. More than two stocks fell for every one that rose on the New York Stock Exchange. Trad- ing volume was 3.7 bil- lion shares. down in the pattern has largely been due to fears of supply shocks,’’ he said. ‘‘But the oil rally could also be attributed to a stronger world economy.’’ World markets rose Western heritage. Cattlemen and women. Bigtime rodeo. Old California. Victorian homes. Antique stores. World class hunting and fishing. Agri-Tourism. World-famous motorcycle road. Alpine hiking and camping. Volcanic legacy. Award winning olive oils. Slow foods. Wineries in the pines. Warm, welcoming people. And a river runs through it. Easter Week Services Let your parishioners know your Easter weekend service schedule, and invite others to join your congregation for Worship. Information boxes will be published together on a full color page, with copy you provide. Artwork available. Publishes: Wednesday, April 20 Deadline: Friday, April 15 at 5pm To place an ad please call Suzy Noble at Where else but here? When if not now? (530) 527-2151 ext 103 Mon., April 11th An evening with BAXTER BLACK COWBOY HUMORIST Mon., April 11, 7 pm State Theatre 333 Oak Street, Red Bluff Celebrating the Heros of our lives Happy 90th Anniversary Round-up The Gold Exchange 90