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10A Daily News – Friday, October 21, 2011 NEW YORK (AP) — New signs of division among Euro- pean leaders over how to han- dle the region's debt crisis led to confusion on financial mar- kets Thursday. Stock indexes rose, fell, rose back again and then ended the day more or less where they started. As they have been doing for weeks now, traders remain focused on the latest hope for a resolu- tion to Europe's debt crisis: this time, a weekend summit of European leaders. The Dow Jones industrial Stocks end mixed as Europe haggles over debt fix Wall Street France and Germany would not be able to bridge their dif- ference in time for the meeting Sunday. A messy default by Greece could lead to deep losses for European banks that hold Greek debt. If that leads them to pull back on lending to each other, it could cause another freeze in global credit markets like the one in late 2008 after Lehman Brothers collapsed. The Standard & Poor's 500 average moved between gains and losses all day before end- ing up 37.16 points, or 0.3 per- cent, to close at 11,541.78. The Dow had been down as many as 113 points shortly after noon. The Dow is 0.3 percent below where it started the year, and is headed for its first down week after three weeks of gains. Trading was choppy as talks across the Atlantic appeared to falter because of differences between Germany and France over how to protect European banks from the con- sequences of a default by the Greek government. Later in the day stocks rose slightly on news that a second summit meeting would take place next week after it became clear that index rose 5.51 points, or 0.5 percent, to 1,215.39. The Nasdaq composite lost 5.42 points, or 0.2 percent, to 2,598.62. U.S. Treasury prices also fluctuated sharply as the latest news from Europe crossed, before ending about where they were a day earlier. The yield on the 10-year Treasury note was 2.18 percent late Thursday compared with 2.16 percent late Wednesday. Stock indexes had edged higher in early trading after the Federal Reserve Bank of Philadelphia said regional manufacturing was ''showing signs of recovery.'' Its index of manufacturing, shipments and new orders was far better than economists had forecast. An unexpected drop in the index spurred a stock market sell-off in August. Other economic reports were mixed. The Labor Department said new applica- tions for unemployment bene- fits dropped to 403,000 last week, a sign that layoffs are easing. On the down side, sales of previously-occupied homes dipped 3 percent last month. Among stocks making big moves, Newfield Exploration plunged 14.8 percent, the largest decline in the S&P 500 index. The oil and gas produc- er reported disappointing third-quarter results and cut its production forecast for the year. Union Pacific Corp., the country's largest railroad, surged after its earnings came in well ahead of analysts' esti- mates. The company gained 4 percent after reporting that its income trumped forecasts. It also said it expects the growth to continue. Southwest Airlines rose 4.5 percent after reporting income that was a penny per share higher than analysts predicted. AT&T Inc. lost 0.3 percent after reporting that the number of new iPhones activated last quarter was the lowest in a year and a half. The New York Times jumped 9.2 percent after the company reported higher prof- its than expected. Casino operator Wynn Resorts Ltd. said that it turned a profit in the third quarter after posting a loss a year ago, but the results still fell short of Wall Street's estimates. Its stock lost 5.3 percent. Small earthquake jolts San Francisco Bay area OAKLAND (AP) — A small earthquake hit the San Francisco area on Thursday afternoon, causing a sharp jolt but resulting in no damage or injuries. The quake, with a preliminary 4.0 magni- tude, struck at 2:31 p.m. and was centered across the bay from San Fran- Flu season is coming..... Lassen Medical Group, Inc. 2011 Flu Vaccine Clinics (530) 527-0414 All adults and children over 2 years of age welcome Pneumonia shots available (for those who meet the requirements) Medical Insurance will be billed. Flu shot available during regular office hours Red Bluff Office 2450 Sister Mary Columba Drive Saturday October 22nd 9am to 1pm Saturday November 19th 9am to 1pm To provide better service for our patients Our Urgent Care is now open on Sundays 8 am to 6 pm 2450 Sister Mary Columba Dr., Red Bluff www.lassenmedical.com cisco, about two miles southeast of Berkeley. Jack Boatwright, a seis- mologist with the U.S. Geological Survey, described it as a ''sharp little earthquake'' that had a ''very nice impul- sive character.'' The quake came on the same day Californi- ans took part in an annual earthquake pre- paredness drill at 10:20 a.m. More than 8 1/2 million people signed up to participate in the 2011 Great California $63 00 in Discount Coupons were published last week in the D NEWSAILY RED BLUFF TEHAMACOUNTY … And that does not Count all the ads offering percentage discounts, two-for-ones and Free-with-Purchase offers! Don't miss a Day of it! Subscribe Today 527-2151 It pays for itself. ShakeOut. It also came almost 22 years to the day after the Loma Prieta earth- quake struck the Bay area during the 1989 World Series. The mag- nitude-6.9 quake killed 63 people, injured almost 3,800 and caused up to $10 billion damage. Tami Humphrey, director of a preschool just north of Berkeley, was outside with her students when the quake struck. ''We felt it pretty good. It felt like a drop and then a shake,'' she said, adding: ''The kids didn't even notice.'' San Francisco police and officials at Univer- sity of California, Berkeley, said they had no immediate reports of injuries or damage. Seattle resident Joaquin Miller was in Oakland when the shak- ing began. He said he first thought it was coming from a passing big rig. ''It wasn't big enough to scare me,'' the 44-year-old said. Officials at Bay Area Rapid Transit said the system's trains were delayed about 15 min- utes as workers inspect- ed tracks. Officials at Caltrain said none of their trains were being delayed. Local Businesses! DISCOUNTS bundled business-building promotional packages on print, online On Sale OCT 17-28 ONLY! Only available through D NEWSAILY (530) 527-2151 RED BLUFF TEHAMACOUNTY Contact your advertising representative today