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8B Daily News – Wednesday, November 16, 2011 NEW YORK (AP) — A day of broad swings in the stock market ended with modest gains Tuesday, as investors balanced an increase in U.S. retail sales with Europe's lingering debt crisis. The Dow Jones industrial average gained 17 points. The Dow ping- ponged between gains and losses for much of the day. It had been down as many as 78 at noon and up as much as 86 points during a late afternoon rally that fiz- zled just before the mar- ket closed. Technology stocks had the biggest gains. Intel Corp. rose 2.9 per- cent a day after Warren Buffett revealed that his company, Berkshire Hathaway Inc., had bought a stake in the company. Hewlett- Packard Co. rose 3.4 percent, the most among the 30 stocks in the Dow. Americans spent more on autos, electron- ics and building sup- plies in October, raising Stocks edge higher on retail gains; Dow rises 17 Wall Street retail sales for a fifth straight month. Sales increased 0.5 percent from the previous month, a faster rate than economists expected and the latest indication that the U.S. economy is likely to avoid another recession. The retail sales report helped the U.S. stock market ''show a certain degree of resilience in the wake of the negative headlines out of Europe,'' said Todd Salamone, director of research at Schaeffer's Investment Research. But Europe's debt woes continued to weigh on markets. Higher interest rates on government debt issued by Italy, Spain and other countries rattled Euro- pean stock markets Tuesday. The interest rate on Italy's 10-year bond jumped back above 7 percent, a dan- gerously high level. When that rate crossed the 7 percent threshold when their borrowing rates crossed the same level. The Dow rose 17.18 points, or 0.1 percent, to 12,096.16. The S&P 500 gained 6.02, or 0.5 percent, to 1,257.81. The Nasdaq added 28.98, or 1.1 percent, to 2,686.20. The prices of assets commonly used as havens from market tur- moil, like U.S. govern- ment debt and gold, held steady. The yield on the benchmark 10- year Treasury note edged up to 2.05 percent from 2.04 percent late Monday. The yield has been below 2.10 percent all month, a sign of strong demand. Gold rose $3.80 to $1,782.20 an ounce. last week, it raised wor- ries about Italy's ability to manage its debts. Greece, Ireland and Por- tugal had to get rescued by international lenders In corporate news, sales at Staples Inc. fell short of analysts' expec- tations, and the compa- ny also cut its earnings forecast for the year. Its stock dropped 3.6 per- cent. Department store chain Saks Inc. rose 1.7 percent after reporting stronger sales. Dell Inc. fell 2 percent in after- hours trading after the company missed Wall Street's revenue fore- casts. Trading volume was light; 3.5 billion shares were traded on the New York Stock Exchange, well below the average of 4.4 billion over the past 200 days. Billionaire Cargill MacMillan Jr. dies in Calif. INDIAN WELLS, Calif. (AP) — Cargill MacMillan Jr., the billionaire heir to an agribusiness fortune, has died in Califor- nia. He was 84. Riverside County sheriff's spokesman Angel Ramos says MacMillan died of nat- ural causes shortly after 1 p.m. Monday at his home in Indian Wells, where he was under hospice care. Forbes magazine estimates MacMillan's worth at $2.6 billion. He was an heir to Cargill, a Minnesota-based agricultural con- glomerate that has $120 billion in revenue. It's the largest privately held company in the world. However, MacMillan had no day-to-day role in the company. The Desert Sun newspaper says he and his wife, Donna, moved from Minnesota to Indian Wells in 1990 and were philan- thropists, donating a $20 million art collec- tion to the Palm Springs Art Museum. 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 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