Issue link: https://www.epageflip.net/i/61046
10A Daily News – Friday, April 6, 2012 NEW YORK (AP) — Stocks just had their worst week of the new year. The Standard & Poor's 500 ended a shortened trad- ing week down 0.7 percent. Though modest compared to the scary drops last year, it's the worst since the week ended Dec. 16, 2011. Stock trading will be closed for the Good Friday holiday. Investors sold stocks Thursday on fears that Spain may have trouble paying back its debt after a key interest rate on Spanish government bonds rose to the highest point since November. ''The firewall that Europe has established is in no way adequate to handle a Spanish default,'' said Jim Russell, chief equity strate- gist at U.S. Bank Wealth Management. ''We're hope- ful that (its debt) will be manageable, but we're not sure.'' US stocks close mostly down; worst week of 2012 Wall Street The S&P 500 fell 0.88 point Thursday to close at 1,398.08. The Dow Jones industrial average fell 14.61 points to 13,060.14. The Nasdaq composite rose 12.41 points to 3,080.50. The Dow and S&P fell right after the opening bell, then turned up briefly before dropping again. The selling appeared to be tempered by a Labor Department report early Thursday that the number of people seeking jobless benefits fell to a four-year low. the Dow had dropped near- ly 125 points a day earlier, its worst decline in a month. That was triggered by min- utes from the Federal Reserve's last meeting sug- gesting that the central bank didn't plan any more steps to push interest rates lower. ''The sell-off yesterday The selling came after To share more than features of the place we call "Home" … Instead, the experiences of enjoying them. latest point of concern in Europe's debt crisis. Investors are concerned over the ability of the coun- try's government to push through cost-cutting pro- grams at a time when its economy appears to be heading for another reces- sion. Yields on 10-year Span- ish bonds rose 0.08 percent- age point to 5.74 percent, the highest level since November and a sign that investors are less confident in the country's finances. The fear among investors is that if Spain's borrowing costs climb too high, the country will have to follow Greece, Portugal and Ireland and seek out- side help to pay its bills. Those three countries got bailouts after their borrow- ing rates rose above 7 per- cent. Worries over Europe Rebecca Glenn new Esthetician working Introducing at Abbey's Hair Works 731 Main St. Ste. 1A. Services include: Facials, Waxing, Eyelash Extensions, Spray Tanning first appointment with this ad. Call (530)527-3974 and Permanent Makeup. 20% off FREE Class Kids Easter Basket Planting Saturday April 7th @ 10 am Please call to reserve a seat Great Soil Amendment Bumper Crop Sale Buy 3 Bags Get 1 Red Bluff Garden Center 527-0886 FREE Spring Edition: May, 2012 766 Antelope Blvd. (Next to the Fairground) was a little overdone, a reac- tion to how far we came for the quarter, and how fast,'' said Brian Lazorishak, a portfolio manager at Chase Investment Counsel. For the first three months of the year, the three major index- es were up 8 percent or more, the best start to a year since the great bull market of the 1990s. drove the dollar to a three- week high against the euro. The euro is trading at $1.31. It was worth $1.33 on March 30. Seven of the ten industry sectors in the S&P 500 index fell Thursday. Telecommunications com- panies dropped the most, 1.6 percent. Spain has become the More stocks fell than rose on the New York Stock Exchange. Volume was light at 3.3 billion shares. Gold closed up $16 to $1,630 per troy ounce, recovering from a big loss the day before. Gold had fallen $58 Wednesday to its lowest level in three months. RANDAL S. ELLOWAY DDS IMPLANT DENTISTRY 2426 SO. MAIN ST., RED BLUFF 530-527-6777 FACT SHEET ON DENTAL IMPLANTS DENTAL IMPLANTS: * are the most advanced tooth replacement system ever devised *help preserve jawbone to prevent the appearance of premature aging *look and function like natural teeth *are placed/restored in the doctor's office with minimal discomfort *improves comfort, appearance, speech * have a 95% success rate * allow you to eat the foods you love and talk, laugh and smile with confidence * represent a conservative treatment option-- adjacent teeth are left untouched * never develop decay * can provide great stability for lower denture * can completely eliminate the need for a denture * can help people of any age * give patients a third set of teeth that are natural looking and very long-lasting Ask yourself the following questions: Are you missing one or more of your natural teeth? Do you have a complete or partial denture that is no longer completely comfortable? Have you ever been embarrassed by a denture or a bridge? If you answered "yes" to one or more of these questions, call us today at (530) 527-6777 to schedule an evaluation appointment. We would be pleased to evaluate your oral health and discuss treatment options with you.