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10B Daily News – Saturday, May 28, 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 Free local delivery for qualified purchase NEW YORK (AP) — Maybe American con- sumers are better off than everybody thought. A key measure of con- Rising consumer confidence lifts stocks after down week Wall Street sumer confidence rose unexpectedly this month. Meanwhile, Americans’ spending and income rose in April, giving stocks their third straight day of gains on Friday. The market was still down slightly for the week. The Thomson Reuters/University of Michigan Consumer Senti- ment index rose to 74.3 in May, above analysts’ esti- mates of 70. Concerns about higher gas prices and inflation knocked the gauge down in March and April. Gas prices have come down in May after reaching nearly $4 last month, giving a lift to the closely watched measure of how people feel about the economy. That raised hopes that people might be willing to spend more. ‘‘That’s what a 25-cent drop in gas prices will do,’’ David Ader, bond strategist at CRT Capital Group, wrote in an email to clients. Both personal income and spending rose 0.4 per- cent in April, in line with what economists expected, according to the Commerce Department. Still, higher prices for food and gas ate up most of the gains in income. The report from the Commerce Department lags by a month, so the recent decline in gas prices isn’t reflected in those fig- ures. The Dow Jones industri- al average rose 38.82 points, or 0.3 percent, to 12,441.58. The Standard & Poor’s 500 index rose 5.41 points, or 0.4 percent, to 1,331.10. The Nasdaq composite rose 13.94 points, or 0.5 percent, to 2,796.86. All three major stock indexes fell slightly for the week, the fourth week in a row of declines. The Dow lost 0.6 percent, and the S&P 500 and Nasdaq each lost 0.2 percent. The last time stocks fell for four ✪ WE WILL PAY UP TO ✪ Windshield Replacement on deductible *Some restrictions apply starting at$ ✪ FREE Estimates $500* 200 530.527.6160 915 Madison St., Red Bluff The World Famous Palomino Room 1/2 off Lunch or Dinner entrée with purchase of 1 entrée must present coupon *equal or lesser value Lunch: Tues-Fri 11am-2pm Dinner: Thurs-Sat 4pm-9pm 723 Main St., Red Bluff 527-5470 www.palominoroom.com $ weeks in a row was Febru- ary 2010. Still, the Dow is up 7.5 percent for the year. The S&P 500 is up 5.8 per- cent, the Nasdaq 5.4 per- cent. The week started with a batch of bad news from Europe. Another down- grade of Greece’s already weak credit rating, a warn- ing on Italy’s debt and a defeat of Spain’s ruling party deepened worries about Europe’s fiscal crisis. The Dow fell 131 points on Monday after the news. U.S. stock indexes hit their highest levels of the year April 29 following a strong run of corporate earnings. The S&P 500 has lost 2.4 percent since then as Greece struggles to avoid default and U.S. economic forecasts were revised lower, partly due to high gas prices. Salon Bella Dona Full Service Salon 3 per foil or Nicole Richardson May Highlight Special $ 60 for full highlights Call for appt. 527-4843 (exp. May 31, 2011) Not-Forgotten Flag Fundraiser Please come and join us for a Spaghetti Feed Tuesday, May 31, 2011 5:30 p.m. to 7:00 p.m. Entertainment provided by Chad Bushnell at the Red Bluff Elks #1250 355 Gilmore Rd. Red Bluff, CA $5.00 for children 10 and under. $10.00 for Adults, All proceeds will go to the Red Bluff Fire Department for the maintenance and care of the Not-Forgotten Flag on Main St. Sponsored by the Red Bluff Emblem Club #408 Published through a project co-sponsorship agreement with RED BLUFF D NEWSAILY TEHAMACOUNTY Friday, Saturday, Sunday & Monday 0% financing up to 36 mo.