Issue link: https://www.epageflip.net/i/60096
8B Daily News – Thursday, March 29, 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) — Falling com- modity prices punished materials and energy com- panies Wednesday, pushing Wall Street's major stock indexes to a lower close. Crude oil lost nearly $2 to $105 a barrel, hurting energy stocks. Peabody Energy fell 3.4 percent, Chevron 1.1 percent and Exxon 0.9 percent. had priced its shares at $19 late Tuesday. Materials fell the most among the 10 industry groups in the Standard & Poor's 500 index. Alu- minum producer Alcoa Inc. fell 2.6 percent. The only stock in the Dow Jones industrial average that lost more was heavy equipment maker Caterpillar Inc., which dropped 3.5 percent. All three major indexes lost a half-percent. The Dow closed down 71.52 points at 13,126.21. The broader S&P 500 index lost 6.98 to 1,405.54. The Nas- daq composite index, heavy with technology stocks, fell 15.39 to 3,104.96. One bright spot was the strong debut of Annie's Inc., a company that sells pre- pared organic foods. In its first day of trading on the New York Stock Exchange, Annie's leapt 89 percent to $35.92. The company, based in Berkeley, Calif., The broad declines came in spite of a government report that orders for durable goods rose strongly last month, a sign that busi- nesses continue to invest. The Commerce Depart- ment said before the market opened that orders for durable goods, which are defined as products expect- ed to last at least three years, rose 2.2 percent in February. Orders for machinery, com- puters, autos and aircraft led the rise. The positive economic news reduced demand for U.S. Treasury debt. The yield on the 10-year Trea- sury rose to 2.21 percent from 2.19 percent before the report. As stocks fell, traders again sought the safety of Treasurys and the yield fell back to 2.20 percent. Health insurance compa- nies declined more than the broader market as the U.S. Supreme Court wrapped up oral arguments in a chal- lenge to President Barack Obama's massive health care overhaul. Aetna Inc. and Health Net Inc. lost 1 percent; Catalyst Health 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 RESIDENTAL HOMES 2 bd 2 ba 1000 sq.ft. 2 bd 2 ba 1248 sq.ft. 2 bd 2 ba 1344 sq.ft. 3bd 2 ba 1056 sq.ft. $9,999 prop code 4249 $29,900 prop code 4359 $29,995 prop code 24469 $32,000 prop code 4089 2bd 1 ba 942 sq.ft. 0.17 aces $65,000 prop code 4379 1bd 1 ba 912 sq.ft. 0.16 aces $72,000 prop code 4129 3bd 2 ba 1790 sq.ft. 1.08 aces $95,900 prop code 4759 3bd 2 ba 1152 sq.ft. 0.29 aces $110,000 prop code 4169 3bd 2 ba 1450 sq.ft. 0.14 aces $110,000 prop code 4109 2bd 2 ba 1344 sq.ft. 2.02 aces $120,000 prop code 4009 3bd 1 ba 2200 sq.ft. 0.66 aces $120,000 prop code 4049 3bd 2 ba 1596 sq.ft. 0.72 aces $179,500 prop code 4899 4bd 2 ba 1929 sq.ft. 7.99 aces $235,000 prop code 4909 www.redbluffcoldwellbanker.com See All Tehama County Listings at TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK Solutions fell 1.4 percent. Insurers lost ground because of tough questions from key justices, a signal to some observers that they might strike down the law. Dave Shove, an analyst with BMO Capital Markets, said most people expect the law to help big health insurers by extending coverage to millions more Americans. Democrats: "Salute to American Workers" Dinner and Dessert, Opportunity Drawings, and Auction Support Your Party Annual Fundraiser Red Bluff Community Center, 1500 S. Jackson Street Saturday, March 31, 2012 Doors open 5:15pm Keynote Speech at 6:00pm $ 25.00 person John Burton, keynote Speaker Chairman, California Democratic Party Meet elected officials and those running for office RSVP: Sue Gallagher @ 530-384-2945 or John Elshere @ 530-529-1238 or E-mail; tehamacountydemocrats@gmail.com Paid Political Advertisement SALE throughout the store Materials lead US stocks lower as commodities dip Wall Street