Issue link: https://www.epageflip.net/i/57705
8B Daily News – Thursday, March 8, 2012 Furniture Depot 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 *"no sales tax" in reference to discount given equal to the amount of calculated sales tax. (AP) — The stock market reclaimed some losses from its biggest dive this year and returned Wednesday to its pattern of steady gains and stable trading. Reas- suring reports on produc- tivity and hiring over- shadowed worries about the Greek debt crisis. Stock indexes made solid gains by mid-morn- ing after the government said oil refineries are operating at a faster clip than economists had expected. Oil refiners Valero Energy Corp. and Tesoro Inc. were among the biggest gainers in the Standard & Poor's 500. The Dow Jones indus- trial average closed up 78.18 points, or 0.6 per- cent, at 12,837.33. The S&P 500 index gained 9.27, or 0.7 percent, to close at 1,352.63. The Nasdaq composite index added 25.37, or 0.9 per- cent, to close at 2,935.69. The Dow dived 203 points on Tuesday, the replacements with a lower face value and interest rate. Greece needs the investors to agree so it can secure an international bailout of (euro) 130 bil- lion, or $171 billion, and avoid a default later this month that would rattle the world financial sys- tem. By Wednesday, owners of about half of Greece's privately held debt had agreed. Greece needs a 90 percent voluntary partici- pation rate, but 70 percent could be enough for Greece to strong-arm the holdouts. European markets and the euro rose slightly. Benchmark indexes fin- ished 0.9 percent higher in France, 0.6 percent higher in Germany and 0.4 percent higher in Britain. The euro rose to $1.315 from $1.311 on Tuesday. Before the U.S. market opened, the government said workers were more efficient late last year, though productivity grew more slowly than in the summer. As productivity growth slows, businesses may need to hire more biggest hitch in a strong rally for stocks this year. Many market-watchers believe that stocks had risen too quickly and were due for a setback. Before Tuesday, the Dow was up more than 6 per- cent for 2012. ''You wouldn't expect to get it all back in one day,'' said Jerry Webman, chief economist at OppenheimerFunds Inc. The average has gained more than 20 percent since last Oct. 3, and the rally has proved resilient. Tuesday was the eighth time during that stretch that the Dow fell more than 200 points. Each pre- vious time, it made up most or all of its losses within days. Tuesday's sell-off was triggered by fears that not enough private investors would sign on to exchange their Greek government bonds for SALE throughout the store Stocks close higher a day after big dive Wall Street The economic opti- mism pushed prices for U.S. government debt lower and yields higher. The yield on the bench- mark 10-year Treasury note rose to 1.98 percent from 1.95 percent late Tuesday. Among stocks making big moves Wednesday: — Pandora Media Inc., an Internet radio compa- ny, dived 23.9 percent after its projected results for the first quarter badly missed analysts' esti- mates. — Netflix fell 1.8 per- people to keep up with demand. A closely watched pri- vate estimate of hiring also exceeded econo- mists' expectations. Pay- roll processor ADP said employers added 216,000 jobs last month. The result lifted hopes about the big February jobs report, which comes out Friday. Webman said the Professional Personal Convenient • Premium Digital Ask about our Open Fit Technology Discreet and Comfortable Hearing Aids for every budget • FREE hearing evaluations • Service/Repair, Red Bluff Community Center 1500 So. Jackson Wed., March 7, 2012 10:00 am - 3:00 pm 1-800-488-9906 Appointments CALL Limited all makes and models • Batteries & accessories • Preferred provider for most insurance plans: Including PERS, Carpenters, Blue Cross/ Blue Shield, etc. • Low monthly payment plan available • Trial Period/ Satisfaction Guaranteed Performed for proper amplification selection only. C & C PROPERTIES 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 AND ENTER THE PROPERTY CODE FROM THE AD. FORECLOSURES AND HOMES UNDER $200,000 3BD 2BA 1000 Sq Ft $64,900 Prop Code CB4729 2BD 1BA 942 2BD 1BA 942 Sq Ft $66,000 Prop Code CB4849 4BD 2BA $65,000 Prop Code CB4379 $72,000 Prop Code CB4079 1BD 1BA 912 Sq Ft $72,000 Prop Code CB4129 3BD 2BA 1790 Sq Ft $95,900 Prop Code CB4759 3BD 2BA 1152 Sq Ft $110,000 Prop Code CB4169 3BD 2BA 1450 Sq Ft $119,000 Prop Code CB4109 2BD 2BA 1344 Sq Ft $120,000 Prop Code CB4009 3BD 1BA 2200 Sq Ft $120,000 Prop Code CB4049 3BD 2BA 2216 Sq Ft $189,000 Prop Code CB4229 TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK www.redbluffcoldwellbanker.com See All Tehama County Listings at report will signal whether hiring is brisk enough to offset the economic drag of high gas prices. ''There's a foot race between gas bills and paychecks,'' he said. ''If we continue to print new paychecks at the rate we've been adding them, that mitigates a lot of the damage of higher gaso- line prices.'' cent. Investors appeared unimpressed with a strate- gy, signaled by CEO Reed Hastings, of partnering with cable TV companies to expand Netflix's cus- tomer base. The video streaming and DVD-by- mail company has about 22 million online stream- ing subscribers in the U.S. — American Eagle Outfitters rose 6.3 per- cent. The teen clothing retailer said it expects profit margins and sales to improve this year. Rev- enue at stores open at least a year rose 10 per- cent in the fourth quarter. The North State's premier supplier of stoves STOVE JUNCTION The Over 25 years of experience Accessories with purchase of any stove 20% OFF Stove Good through March 31, 2012 Tues-Sat 9am-5pm • Closed Sun & Mon 22825 Antelope Blvd., Red Bluff 530-528-2221 • Fax 530-528-2229 www.thestovejunction.com