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8B – Daily News – Tuesday, March 30, 2010 NEW YORK (MCT) — U.S. stocks and com- modities climbed Monday after the government reported another monthly rise in consumer spend- ing, supplying additional evidence of a sustained economic recovery. "The bull market is transitioning from a liq- uidity-driven, asset repricing advance toward one driven by earnings Stocks, commodities up on view of sustained growth Wall Street with gains. gains and corporate stock purchases," said Carmine Grigoli, chief investment strategist at Mizuho Secu- rities USA Inc. The Dow Jones Indus- trial Average rose 45.5 points, or 0.4 percent, at 10,895.86, with 23 of its 30 components finishing Tehama Property Management Offering Full Service Property Management and Tenant Placement Services R Landlords, Have a vacant home? We have many qualified tenants! Located at P 605 Main Street (co-located with Re/Max Top Properties) Red Bluff, CA 96080 MANAGEMENT Vici Miranda (530)200-0480 CA DRE Broker Lic. #01499775 See our Rental listings at: www.tehamapropertymanagement.com Up the most among the blue chips, Boeing Co. rose 2.1 percent, and Caterpillar Inc. advanced 1.7 percent. The S&P 500 Index rose 6.63 points, or 0.6 percent, to 1,173.22, with energy the best performer among its 10 industry groups. Consumer-discre- tionary shares weighed the most, with shares of Barber Shop $ Cheers 600 Senior Cuts Open 6 days 9-6 570-2304 259 S. Main St. Tractor Supply Center Ford Motor Co. among the laggards, down 2.1 percent after the automak- er said in a regulatory fil- ing Monday that it would pay down $3 billion in revolving loans. Southwestern Energy Co. was among the more notable gainers, up 8 per- cent, after Goldman Sachs put the natural-gas producer on its Americas buy list. An improving econo- my and accelerating stock buybacks are among the factors that should have the S&P 500 hitting 1,325 by midsummer, predicted Grigoli, who estimates nonfinancial firms now hold more than $300 bil- lion of unneeded cash on their balance sheets. "Some companies may go on a buying spree to position themselves for future growth, while oth- ers may use the newfound wealth to repurchase shares," he said. The Nasdaq Compos- ALSCO, INC. Since 1948 535 Antelope Blvd., Red Bluff Concert Live (530) 527-4001 • PVC PIPE & FITTINGS • LAWN AND GARDEN SUPPLIES • DESIGN & INSTALLATION ON ALL SHAPES & SIZES OF IRRIGATION PROJECTS • AGRICULTURE & DOMESTIC PUMPS Clint Heiber & Russ Harman owners Lic#381307 8am-12pm Mon.-Fri. 8am-5pm Sat. ite Index climbed 9.23 points, or 0.4 percent, to 2,404.36. Citigroup Inc. shares fell 3 percent after the Treasury Department said it would sell about 7.7 bil- lion shares of the banking powerhouse this year. For every stock that lost ground, more than two gained on the New York Stock Exchange, where floor volume hit 945 million shares and composite volume neared 4.5 billion. Ebbing worries about Greece's debt troubles helped to lessen demand for the dollar, with the greenback's decline heightening demand for commodities, which become more appealing to foreign investors when the dollar slides as most are priced in dollars. On the New York Mer- cantile Exchange, crude futures topped $82 a bar- rel, while gold futures ended at $1,111.5 an 440 Antelope Blvd. #12 25 years professional experience. 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The employment report is scheduled for release on Good Friday, when the stock market is closed, so any stock-mar- ket reaction won't come until Monday, April 5. Last week, Wall Street tallied weekly gains after mixed trade during the final two days, with ral- lies on Thursday and Fri- day running out of fuel before the sessions closed. O M Bob’s Y T T E R H E A A P