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8B Daily News– Wednesday, October 3, 2012 Mixed signals on the world economy tugged on major stock indexes Tuesday. The country's largest fer- tilizer company, Mosaic, said weak demand from China and India have hurt its profits. Mosaic, Dupont and stocks of other compa- nies in the materials indus- try fell. NEW YORK (AP) — Stocks waver on Spain report, Mosaic miss Wall Street But utilities and health care stocks, where investors often retreat in a slow-grow- ing economy, helped pull the Standard & Poor's 500 index above the break-even mark. The S&P 500 index gained 1.26 to close at 1,445.75. The Dow Jones industrial average dropped 32.75 points to 13,482.36. Dupont led the Dow lower, sinking 86 cents to $49.50. The market could remain quiet until the government gives its monthly jobs report on Friday, said Paul Zem- sky, chief investment officer of multi-asset strategies at ING Investment Manage- ment. Economists expect the unemployment rate increased to 8.2 percent in September from 8.1 percent in August. Zemsky said a surprise swing up or down ''could change the direction of the stock market and the Presi- dential election.'' Indexes took a turn lower at midday after Spain's prime minister said that he's not preparing a request for a bailout loan. Traders have been anticipating that the Spanish government would ask for help for nearly a month. Spain needs to ask for money from Europe's bailout fund before the European Central Bank can start buying Spanish gov- ernment bonds. Mosaic reported net income and sales early Tuesday that fell short of analysts' estimates. The company blamed slumping demand for its fertilizer overseas as well as hurri- canes for slower production. The results pushed the com- pany's stock down $2.25 to $55.76. In other trading, the Nas- daq composite rose 6.51 points to 3,120.04. The yield on the bench- mark 10-year U.S. Treasury C & C PROPERTIES note slipped to 1.61 percent from 1.63 percent late Mon- day after Spain's prime minister, Mariano Rajoy, said a bailout request wasn't coming. European markets closed slightly lower before Rajoy spoke. Benchmark stock indexes fell 0.3 per- cent in Germany, 0.2 per- cent in Britain and 0.6 per- cent in France. Borrowing costs fell for Spain and Italy. Most car makers report- ed better sales for Septem- ber. But sales for U.S. automakers were mostly flat. General Motors report- ed a slight increase in sales from a year earlier, but its 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 2 BD 2 BA 1000 SQ.FT. 2 BD 2 BA 1344 SQ.FT. 3 BD 2 BA 1157 SQ.FT. 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