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8B Daily News – Thursday, May 10, 2012 Furniture Depot 235 So. Main St., Red Bluff 527-1657 SAT. 9:00-5:00 • SUN. 11:00-5:00 MON.-FRI. 9:00-6:00 (AP) — Fear of Euro- pean debt is once again playing havoc with Wall Street. Wednesday in the United States as borrowing rates climbed for Spain and Italy, a sign that investors are losing confidence in those countries' finances. Spain's 10-year bor- Stocks pitched down rowing rate leapt to 6.06 percent from 5.70 percent early Tuesday. Many fear that Spain, strangled by high unemployment and a real estate collapse, could be the next nation to require financial rescue. The Dow Jones indus- trial average was down as much as 184 points before recovering about half of the loss. Still, the average has fallen for six consecu- tive days, its longest losing streak since last summer. The Dow soared 2,624 points, or 25 percent, from Oct. 3 through May 1 as European leaders appeared to get a handle on the debt James W. Tysinger, Jr. M.D. Eye Physician & Surgeon Fellow American Academy of Ophthalmology We accept Medical, Medicare & most Insurances Office Hours: Tues-Wed-Thurs 8am-4:30pm Mon & Fri 1pm-4:30pm For Emergencies, After Hours, Week-ends, Call 530-567-5001 345 Hickory St. Red Bluff Tel: (530) 529-4733 Fax: (530) 529-1114 50-60% off Fri, Sat & Sun - May 11, 12 & 13 Fri, Sat & Sun - May 4, 5, & 6 Also next US stocks fall as Europe doubts surface Wall Street markets. crisis. Last fall, nations that use the euro agreed to enforce budget discipline across the region. Dow closed at a four-year high, worries about Europe have resurfaced. In elections on Sunday, Greek and French voters ousted leaders who had imposed tough spending cuts to soothe investors. In the six losing days that ended Wednesday, the Dow gave back 444 points — one-sixth of the points it gained during its eight- month rally. The Dow closed down 97.03 points, or 0.8 percent, at 12,835.06. Since May 1, when the The spring decline has become a motif on Wall Street. In 2010 and 2011, the Dow climbed in the first three months of the year, then flat-lined or lost ground as events overseas overshadowed modest economic growth in the U.S. Greece, without a gov- ernment since Sunday's elections, appears increas- ingly likely to exit the euro currency union or be forced out. The resulting uncertainty could cause turmoil throughout global The market today is tame compared with last summer, when the Dow routinely swung by hun- dreds of points a day. But the atmosphere is starting to resemble last year's as traders sell any- thing deemed risky based on the latest headlines from Europe, said Peter Tchir, who trades a range of investments for his hedge fund TF Market Advisors. ''The concern in Spain is at such a high level that people trade the indexes or big futures contracts and are less discriminating about what risk they're taking on,'' he said.