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10A Daily News – Saturday, November 3, 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 Waterlogged from Super- storm Sandy and unmoved by a solid October jobs report, U.S. stocks fell sharply Friday. The Dow Jones industrial average dropped 139 points as details about the storm's costs began to trickle out. Verizon Communica- tions, whose downtown Manhattan facilities are still without power, said the storm would have a ''signif- icant'' effect on its fourth- quarter earnings. Verizon said it could not yet estimate the cost of the storm, which downed cell towers across the region. Its stock fell 62 cents to $44.52. ''The information com- ing out from the economic impact of Sandy is a nega- tive,'' said Rob Lutts, presi- dent of Cabot Money Man- NEW YORK (AP) — Stocks waterlogged by Sandy's costs Wall Street agement in Salem, Mass. ''I think the markets are trying to digest that and under- stand that, so there is a little bit of uncertainty.'' Insurers, the group that will feel the storm's effects most acutely, plunged en masse as analysts warned that the storm will eat into their income. Raymond James analysts lowered their estimates for Allstate; Barclays analysts cut theirs for Hartford Financial Ser- vices Group Inc. The chairman of Hart- ford, Liam McGee, told investors on a conference call that the storm's costs are just beginning to come into focus. ''It's much too early for us to provide data with any level of certainty,'' McGee said. He said it was- n't until Thursday that adjustors were able to view the damage to Long Island, one of the hardest-hit areas. Hartford fell 66 cents, or 3 percent, to $21.26. All- state dropped 49 cents to $38.56. American Interna- tional Group Inc. plunged $2.52, or 7 percent, to $32.68. Genworth Financial Inc. dropped 16 cents, or 3 percent, to $6.06. After a day of steady selling, the Dow Jones industrial average closed down 139.46 points, or 1.1 percent, at 13,093.16. The Standard & Poor's 500 index dropped 13.39, or 0.9 percent, at 1,414.20. The Nasdaq composite index lost 37.93 points, or 1.3 per- cent, to 2,982.13. burst of hope: In the last big piece of economic news before Tuesday's presiden- tial election, the Labor Department said employers added 171,000 jobs last month, while the unemploy- ment rate ticked up to 7.9 percent. More jobs were added in the previous two months than was first reported, the government said. The day started with a Paid for by the committee to re-elect Rod Moore Softball Fusion Baseball the news and U.S. stocks opened higher. The Dow gained as much as 57 points in the first half-hour of trad- ing. After that, the indexes commenced a steady slide. All ten categories in the S&P 500 were lower by the end of the day. Consumer discretionary stocks had the narrowest loss. Internet travel sites price- line.com and TripAdvisor Inc. were among the S&P 500's top gainers. European stocks rose on Take your game to the next level with this sport specific training camp! 2 Camps Gain speed, coordination, agility, and power in this 4 week camp! Camp1 Dates: Nov. 27th - Dec. 20th Camp 2 Dates: Jan. 29th-Feb. 22th Days: Tues., Thurs. Time: 4-5pm Location: Tehama Family Fitness Center Gymnasium Instructed by: Strength and Conditioning Specialist Troy Lalaguna Cost $ 90 per Camp or $ 150 for Both and Division 1 Softball Player and Coach Aubrie Stroman 2498 South Main St, Red Bluff • 528-8656 www.tehamafamilyfitness.com Over 25 years of experience The North State's premier supplier of stoves STOVE JUNCTION 20% OFF select models Tues-Sat 9am-5pm • Closed Sun & Mon Don't be left in the 5A>6! Serving Butte, Glenn & Tehama Counties 22825 Antelope Blvd., Red Bluff 530-528-2221 • Fax 530-528-2229 www.thestovejunction.com The