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8B Daily News – Tuesday, December 20, 2011 NEW YORK (AP) — The stock market took a late afternoon fall Mon- day after European Union finance ministers failed to come up with the full amount of money pledged for a bailout fund. Banks led the way down. Morgan Stanley dropped 5.5 percent and Bank of America Corp. sank 4 percent, the biggest fall in the Dow Jones Industrial aver- age. The worry looming over banks stocks is that if Europe's debt crisis spins out of control, European banks would fail and damage U.S. banks. Big banks in Europe and the U.S. are US stocks drop; BofA and other big banks fall hard Wall Street linked through the web of global financial mar- kets. ''If Europe is going to be bring us down it's going to come through the financial firms,'' said J.J. Kinahan, chief derivatives strategist at TD Ameritrade. The Dow lost 100.13 points, or 0.8 percent to close at 11,766.26. The average lost 55 points in the last hour of trading as reports emerged that the E.U. finance minis- ters couldn't drum up the full 200 billion euros ($261 billion) they planned to give to Counseling Center Giving Families Hope! Did you think we were just for children? • Individual & Family Counseling • Couple/Relationship Issues • Anger • Depression • Anxiety • Emotional Trauma • Family Relationships • Parenting Call our office for more info. 529-9454 Red Bluff 590 Antelope Blvd. Suite B-30 Corning Counseling Center 275 Solano Street #2 1-800-SAL-Army SalArmyRedBluff.org the International Mone- tary Fund. European leaders had pledged the money for a special IMF fund to help strug- gling European coun- tries at a summit meet- ing less than two weeks ago. Cautious comments from the head of the European Central Bank also helped push stocks lower. The Standard & Poor's 500 index fell 14.31 points, or 1.2 per- cent, to 1,205.35. The Nasdaq composite index fell 32.19 points, or 1.3 percent, to 2,523.14. Mario Draghi, the ECB president, said Monday that the central bank was looking for ways to keep the Euro- zone's bailout fund working even if credit rating agencies strip France of its AAA grade. The bailout fund depends on the top rat- ings of France, Ger- many and the countries that contribute to it. Draghi also restated his view that large-scale government bond pur- chases were outside the central bank's responsi- bility. In the U.S., a gauge of sentiment among builders inched up to its highest level since May 2010. The National Association of Home Builders/Wells Fargo builder sentiment index added two points to 21 in December. Any read- ing below 50 still reflects a negative out- look. Among companies making large moves Monday: — Winn-Dixie soared 70 percent. The supermarket chain is being sold to Bi-Lo LLC, another supermar- Please don't forget to help your Red Bluff neighbors in need this Holiday season. 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With two weeks of trading left in 2011, the S&P 500 is 4.2 percent below where it started the year. The Dow has managed to gain 1.6 percent in 2011, led by McDonald's Corp. and its 26 percent gain. Nearly four stocks fell for every one that rose on the New York Stock Exchange. Trad- ing volume was very light at 3.6 billion. MATTRESS 632 Main St., Red Bluff 527-5837 SPRING AIR MATTRESS SALE Your choice of firmness FIRM ★ PLUSH ★ PILLOWTOP FULL SETS $349 QUEEN SETS $399 KING SETS $599