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8B Daily News – Tuesday, November 1, 2011 NEW YORK (AP) — October is somewhat cursed for the stock market — the Crash of 1929, Black Monday in 1987, a slow-motion meltdown in 2008. This time, the demons made a last gasp, but Wall Street still man- aged to break the jinx. Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. The juice mostly came from Europe, which appeared to finally find a strategy for taming its debt crisis. But the finish sure was ugly. The Dow Jones industrial average fell 276 points and finished below Ugly end to historic October on Wall Street Wall Street 12,000 on the final day of the month. It was as rough an end as it was a begin- ning: On the first trading day of the month, Oct. 3, the Dow lost 258. Bank stocks were hit hard Monday. MF Global, a securities firm headed by former New Jersey Gov. Jon Corzine, filed for bank- ruptcy protection. Rating agencies downgraded the company last week, wor- ried that it holds too much European debt. Still, even counting the Halloween scare, October 2011 will be remembered on Wall Street for a come- back that only the St. Louis Education Calendar November, 2011 Date Time Nov. 8 9-4 pm Topic Bag City Leather Sale Nov. 9 6:30-8:30 pm Water labor Nov. 9 6-7:30 pm Nov. 14 7-9 pm Shoulders, Hips and Knees: Ask the experts Cardiac Support Group Nov. 15 12:30-4:30 pm Diabetes Self Care Nov. 18-19 6-9 pm & 9-3 pm Weekend childbirth Nov. 29 9-2 pm Thursdays 3-5 pm Soul Love Alegria Shoe Sale Grief Support Group Location Coyne Center Contact St. Elizabeth Main Hallway 529.8002 529.8377 Gaia Hotel, Anderson Coyne Center Coyne Center Coyne Center Coyne Center 529.8038 527.5077 529.8031 529.8377 St. Elizabeth Main Hallway 529.8002 528.4207 Visit redbluff.mercy.org or scan this code with a QR reader app on your smart phone to learn more information. www.redbluff.mercy.org/sports redbluff.mercy.org St. Elizabeth Community Hospital A member of CHW Cardinals, baseball's nearly eliminated, newly crowned champions, could match. For the month, the Dow rose more than 1,000 points. It gained 9.5 per- cent, its best showing since October 2002. The Standard & Poor's 500 index, the broadest major market average, rose 10.8 percent for the month, the best since December 1991. On Oct. 3, both the Dow and the S&P closed at their lows of the year. The mar- ket had been through a bru- tal summer and was one bad day away from falling into bear market territory, down 20 percent from its most recent peak. Investors were worried that the United States, with an economy growing at the slowest pace since the end of the Great Recession, was on the brink of falling back into recession. And if the U.S. didn't tip into a new recession by itself, the market was wor- Respecting People. Impacting Business Call us. And get back to work. 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Someone opening a quarterly account state- ment at about that time might have tossed it in the garbage and been afraid to THE look again. But that day was to be the turning point. Reports that European leaders were working on a debt plan began trickling out. Investors gained confi- dence after the leaders of France and Germany pledged to come up with a far-reaching resolution by the end of the month. Added to the encourag- ing news out of Europe: stronger corporate earnings from the likes of Google and McDonald's and signs that the U.S. economy was not as bad as feared. Retail sales rose 1.1 percent in September, the biggest gain in seven months. When European leaders finally unveiled the deal ENERGY EFFICIENT WINDOWS & DOORS Crafter's Boutique Monday-Saturday 9am - 3pm 50 CRAFTERS IN 1 SHOP! 650 Main St., Red Bluff 530 528-2723 Or Rent a Space to Sell Your Crafts Gifts for family & friends Plenty of parking on Pine Street COME & SHOP was a very pessimistic view of the global economy,'' says Todd Henry, an emerging-market equity specialist at T. Rowe Price. ''Does it have legs? I think that's yet to be seen.'' Under the debt agree- ment, banks will take a 50 percent loss on their Greek government bonds. Europe will also add money to a financial rescue fund to protect other countries. And banks will increase their capital reserves to protect themselves. With the October books closed, the Dow was at 11,955.01, up about 83 per- cent from March 2009, its lowest point after the finan- cial meltdown. It would have to rise more than 2,200 points from here to set an all-time high. 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