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10B – Daily News – Tuesday, April 20, 2010 NEW YORK (MCT) — U.S. stocks closed Monday with gains for several benchmark indexes, with Citigroup Inc. results and a turn higher in Goldman Sachs Group Inc. shares supporting the financial sector. Stocks close volatile day with gains for some indexes Wall Street After wavering between gains and losses for much of the session, the Dow Jones industrial average closed up 73.39 points, or 0.7 percent, to 11,092.05, with 24 of its 30 compo- nents rising. The S&P 500 Index ended 5.39 points, or 0.45 percent, higher at 1,197.52, with all sectors higher. The Wilshire 5000 also advanced, while the Nas- daq Composite Index came off the day's lows but notched a minor drop. For the S&P 500, a rebound in financial stocks and focus on earnings offset an earlier bout of worries over the impact of the Secu- rities and Exchange Com- mission's Friday charges against Goldman Sachs Group Inc. for fraud-related to mortgage-debt trades. Citigroup shares rose 7 percent after the bank reported profit more than doubled from the year-ago quarter as costs for bad loans declined. "Goldman is a big deal, but as far as the overall health of the economy going forward, it's more about earnings," said Jay Suskind, senior vice presi- dent at Duncan-Williams. Financial stocks rose 1.1 Call us. And get back to work. • HR expertise and support services • Temporary Workers • Evaluation hire • Carefully screened candidates • Dedicated service www.expresspros.com 530 527-0727•243 So. Main Street ATTENTION LICENSED CONTRACTORS! The Daily News is publishing the 2010 Contractors Guide Tehama County Information provided by the State of California. To confirm your state information or inquire about enhanced or duplicate listings, contact Nadine Souza at 527-2151 x132 or nsouza@redbluffdailynews.com before Monday, May 3, 2010 We have a factsheet that we’ll be happy to email to you. D NEWSAILY RED BLUFF TEHAMACOUNTY Community Calendar Active Senior Citizens A Retirement Community for the Respecting People. Impacting Business Call us any time for: • An extensive network of recruiting sources • Testing and training • Experienced recruiters • Full-time employees percent on the S&P 500, matching gains in the telecommunications sector, to lead the index's 10 indus- try groups higher. Financial stocks represent the sec- ond-most heavily weighted sector for the index, after technology. Goldman shares rose 1.6 percent, turning higher late in the trading day after Bloomberg News reported the Securities and Exchange Commission had voted along party lines in suing the company. The Nasdaq Composite Index declined 1.15 points, or 0.1 percent, to 2,480.11, with shares of smart-phone maker Palm Inc. among those weighing on the mar- ket. Laboratory Corp. of America and Coventry Health Care Inc. were among health care stocks rising, with gains of 3.1 percent and 2.7 percent respectively. Besides further fall-out from the SEC case against Goldman, much of this president. "People forgot this is a risk-based business," Suskind said of Friday's sell-off in the wake of the SEC's complaint against Goldman. That said, the Goldman news also offered a catalyst for investors to take profits after a nearly seven-week climb had left some looking for a reason to sell, Suskind said. week's investor focus will concern earnings. The first major U.S. manufacturer to report first- quarter results, Eli Lilly and Co., on Monday cut its 2010 earnings outlook. Shares ended 0.1 percent higher. International Business Machines Corp. and Zions Bancorp were scheduled to report results after the mar- ket close. IBM shares rose 1.2 percent. 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Shares in Goldman, a major commodities bro- ker, had dropped 13 per- cent on Friday, their biggest fall in more than a year, after the U.S. Securi- ties and Exchange Com- mission filed a lawsuit against the bank and a vice Goldman dismissed as "unfounded" the SEC's contention that it sold secu- rities tied to subprime mort- gages without disclosing that hedge fund Paulson & Co. had helped select the underlying securities and then bet against them. The hedge-fund firm was not charged. The case adds "a new layer of uncertainty as Wall Street will have to contend with political risk and financial reforms," Andrew Fitzpatrick, director of investments at Hindsale Associates, wrote in an investor note. Jen Adams (530) 567-5165 DRE Lic#01750531 (530) 527-1111 605 Main St. Red Bluff Transmission 440 Antelope Blvd. #12 Red Bluff 25 years professional experience. 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