Issue link: https://www.epageflip.net/i/86421
12A Daily News – Saturday, October 6, 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 Sierra Sound Car Audio 35th $ 226 So. Main St., Red Bluff 527-3735 All CD's 13.99 Anniversary Sale or less K W I K K U T S Family Hair Salon $200 REGULAR HAIRCUT off with coupon Not good with other offers 1064 South Main St., Red Bluff • 529-3540 Reg. $13.95 Expires 10/31/12 This Friday, Saturday & Sunday. See our full page ad HUGE 72 HOUR SALE in Friday & Saturday's paper ployment rate wasn't enough for investors Fri- day. Stocks posted gains early in the day but faded to a mixed close. A big drop in the unem- Red Bluff-Tehama County Chamber of Commerce Hosts Red Bluff City Council Candidates Forum @ Red Bluff Veteran's Memorial Hall Corner Oak & Jackson Street Tuesday, Oct. 9th 7-9 PM ★ Open to candidates for Red Bluff City Council exclusively. ★ All registered candidates for City Council are invited to participate. ★ No charge for admission and reservations are not required. Early arrival suggested. ★ Candidate question cards & refreshments available at 6:00 pm. ★ Lisa Hansen, Chair, Red Bluff-Tehama County Chamber of Commerce Board opening and closing comments ★ Greg Stevens, Chamber Immediate Past Chair publisher of the Red Bluff Daily News, will moderate the forum. ★ Each candidate will be given two minutes to make opening remarks. ★ Pre-screened written questions will be taken from the floor and directed to all candidates. Candidates will have a maximum of five questions. ★ Screeners reserve the right to determine whether a question is appropriate. ★ Public advised that screeners will select questions at their discretion. ★ A two-minute concluding remarks from each candidate will conclude forum. ★ Limited table space is provided for each candidate's campaign information. Published though a sponsorship agreement with theDAILYNEWS RED BLUFF TEHAMACOUNTY The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The decline from 8.1 percent the month before was big- ger than economists had expected. news, but the gains didn't last. The Dow Jones indus- trial average edged up 34.79 points to close at 13,610.15, after rising 86 points earlier in the day. The Standard & Poor's 500 index fell 0.47 points to 1,460.93, and the Nasdaq dropped 13.27 points to 3,136.19. Stocks rose on that U.S. employers added 114,000 jobs last month. That was in line with what economists were expect- ing, but the government also revised its estimates higher for job growth in July and August. Stocks mixed after jobless rate drops Wall Street creation did come in in line with expectations.'' ''The jobs report today was just a validation that things are improving and that people are feeling good,'' said Marty Leclerc, chief investment officer of Barrack Yard Advisors. ''So as investors, of course, that's when we're most apprehensive.'' Consumer discretionary stocks rose, led by Home Depot and Lowe's, both up more than 2 percent. Indus- trial stocks also rose. Tech- nology and energy stocks had broad declines. Despite the mixed day, — Zynga plunged 33 cents, or 11.9 percent, to $2.48 after the online game maker said that it expects a third-quarter loss due to weak demand and a charge related to an acquisition. — Dow component The drop to 7.8 percent in the unemployment rate ''really is not a big game- changer,'' said Peter Cardillo, chief market economist at Rockwell Global Capital. ''Yes, more people were hired, but job the Dow managed to reach a milestone: its highest close since December 2007. The S&P is close, but not quite back to, its December 2007 high. The Dow and S&P had their first positive weeks after two weeks of losses. The Dow rose 1.3 percent for the week, the S&P 1.4 per- cent. noteworthy moves includ- ed: U.S. stocks making — Apple fell $14.21, or 2.1 percent, to $652.59, causing the Nasdaq to per- form worse than other indexes. Hewlett-Packard fell 21 cents to $14.73. Moody's Investors Service said it was reviewing its invest- ment-grade credit rating for a possible downgrade after the PC and printer maker cut its profit forecast. Stocks rose in Europe, too. The FTSE 100 index of leading British shares was up 0.7 percent, while Germany's DAX rose 1.3 percent and the CAC-40 in France was up 1.6 percent. The dollar was trading steadily across a range of currencies, with the euro down slightly at $1.303. The yield on the 10-year U.S. Treasury note rose to 1.73 percent from 1.68 per- cent as investors shifted money from bonds into stocks. The price of oil fell despite the better U.S. jobs figures as investors booked gains from a big rise caused by concerns over the recent clashes between Turkey and Syria. The benchmark New York crude oil price fell $1.83 to $89.88 per barrel.