Issue link: https://www.epageflip.net/i/39330
8B Daily News – Tuesday, August 16, 2011 NEW YORK (AP) — Stocks are having their longest rally since early July. A $19 billion corpo- rate buying spree and encouraging economic news form Japan sent the Dow Jones industrial aver- age up 213 points and erased its losses from last week. The return of what’s called ‘‘Merger Monday’’ on Wall Street made investors more optimistic about the future. So did a report that Japan’s econo- my shrank less than feared • RESIDENTIAL • COMMERCIAL • NEW CONSTRUCTION • SALES • SERVICE • REPAIRS www.CascadeComfort.com Tehama Counties Factory Authorized Bryant Dealer Whatever it takessm CASCADE COMFORT SERVICE INC. Air Conditioning & Heating Lic #593323 24 HOUR SERVICE 530 529-1990 Your First Call For Comfort RED BLUFF ALLSTARS 741 Main Street, Suite #2, Red Bluff, CA 96080 1-800-287-2187 • (530) 527-2187 & Concert Series Wednesday Evenings from 5-8 pm • August 17th Mill Creek Blues Band Original Blues/rock Music takes place from 6-8pm On Washington & Pine Streets • FOOD • CRAFTS • NEW VENDORS WEEKLY • FRESH LOCAL PRODUCE Sponsored By: RED BLUFF D NEWSAILY TEHAMACOUNTY T H E V O I C E O F T E H A M A C O U N T Y S I N C E 1 8 8 5 Sponsored by Red Bluff/Tehama County Chamber of Commerce Red Bluff City River Park every Sat. 7am-11am Stocks rise for third day after acquisition flurry Wall Street following the March 11 earthquake and tsunami. That helped temporarily ease worries that the U.S. economy may slide into another recession. The Dow rose 213.88 points, or 1.9 percent to 11,482.90. It has gained 762.96 points since Thurs- day. That’s the best three- day point gain since it rose 927.18 in November 2008, during the depths of the financial crisis. The Dow is also up 7.1 percent over the three days, the biggest per- centage gain since it rose 9.5 percent the first three days of the bull market in March 2009. The Standard & Poor’s 500 index rose 25.68, or 2.2 percent, to 1,204.49. The Nasdaq composite index rose 47.22, or 1.9 percent, to 2,555.20. Markets may have sta- bilized the last three days, but financial analysts warned investors not to assume that stocks have fully settled down after last $10 OFF Mention this ad for SERVICE CALL week’s swings. The Dow rose or fell by at least 400 points in four straight days for the first time ever. The first-ever downgrade of the U.S. credit rating triggered the volatility. It was wors- ened by concerns that Europe’s debt problems are worsening and that the U.S. economy is weaken- ing. ‘‘You might have these moments of quiet, but the debt crisis in Europe did not go away,’’ said John Hailer, chief executive for the U.S. and Asia of Natix- is Global Asset Manage- ment. ‘‘Our issues with the debt, with what our tax policy is going to be going forward, our unemploy- ment did not go away.’’ ‘‘We are probably going to have to look at some very different levels of volatility than what a lot of investors grew up with over the last 25 to 30 years,’’ he said. A period of relative sta- bility has been common in past volatile markets. In 2008, stocks plunged between mid-September and mid-November. From mid-November until the beginning of January 2009, the Dow was in a lull of sorts. It ratcheted up and down, mostly in the high 8,000 range. But in early January 2009, it began to plunge before finally hit- ting a bottom of 6,547 on March 9. More swings could come this week. Leaders of France and Germany meet Tuesday to discuss Europe’s debt problems. Spain and other countries have borrowed so much that they may need help to repay their bills. Investors on Tuesday will get an update on how Spain’s economy did during the second quarter. Today’s Burning Issue Anyone Can Service Swamp Coolers....Can’t They? Is it noisy? Do your doors swell from humidity? Does it leak on your roof? Have you ever had your cooler stop working in the middle of a heat wave? Residential and Commercial Evaporative coolers have been our business for over 25 years. Service, repairs, replacement and installations are handled professionally for reliable cool- ing during the hot days of summer. “You are nice. You came out right away. You solved the (cooler) problem. Your service is prompt, good, and pleasant.” Mrs. Hickle, Palo Cedro THE Chimney Professionals Chimney Sweeps 527 3331 Flue Season CONGRATULATES