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8A – Daily News – Tuesday, May 4, 2010 Investors sent stocks soar- ing Monday after getting a boost of confidence from the latest economic reports and Warren Buffett’s defense of Goldman Sachs. The Dow Jones industri- al average rose 143 points for its biggest gain in two and a half months. The Dow and broader indexes all climbed more than 1 percent. The market rebounded from a drop Friday after a string of welcome news eased some of the concerns that have been dogging investors. Economic ALSCO, INC. Since 1948 535 Antelope Blvd., Red Bluff (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. Stronger economic reports pull stocks higher Wall Street NEW YORK (AP) — reports signaled that con- sumer spending and manu- facturing are strengthening. Meanwhile, Germany’s approval of bailout funds for Greece and Buffett’s vote of confidence in Gold- man, whose shares he owns, helped reassure investors. Goldman has been under fire the past two weeks after regulators filed civil charges accusing the bank of fraudulent dealing in mortgage-backed securi- ties. An agreement by Unit- ed Airlines to acquire Con- tinental Airlines Inc. in a stock deal worth about $3 billion also lifted stock prices. Investors see corpo- rate dealmaking as a posi- tive sign for the economy. ‘‘The merger in the air- lines is great. As you begin to see mergers that means there is value out there,’’ said Anthony Conroy, managing director and head trader for BNY Con- vergEx Group. Traders funneled money to retail and restaurant stocks after the Commerce Department said that per- sonal spending rose 0.6 Community Calendar percent in March, the biggest increase in five months. However, personal income rose just 0.3 per- cent. The reports were in line with analysts’ expecta- tions but showed that con- sumers were pulling money from savings to make purchases. Manufacturing contin- ued to show broad improvement. Orders have been flowing to factories for months while compa- nies rebuild depleted inven- tories. The Institute for Supply Management said that U.S. manufacturing activity expanded last month at the fastest pace in nearly six years. The trade group’s manufacturing index rose to 60.4 in April from 59.6 in March. Econ- omists expected a reading of 60. The market has swung over the past week on investor indecision about the risks that face the econ- omy. Economic numbers and concern about govern- ment debt loads in Europe are making traders quick to jump in and out of stocks. The Dow has risen or fallen by more than 100 points in four of the past six days. Stocks bounced higher after a disappointing end to economy. European markets were volatile after the European Union and the International Monetary Fund agreed to provide Greece with $145 billion over the next three years to help it with its ongoing debt problems. European shares fell but closed higher after U.S. stocks rose. April. The market had tum- bled Friday following mixed economic reports and concerns about a possi- ble criminal investigation of Goldman Sachs. The government reported the nation’s economy grew at a slower pace in the first quarter than had been fore- cast and a report on con- sumer sentiment showed a drop in confidence in April. The Dow rose 143.22, or 1.3 percent, to 11,151.83, its biggest point and percentage gain since Feb. 16. It was the fourth largest increase of the year. The broader Standard & Poor’s 500 index rose 15.57, or 1.3 percent, to 1,202.26, and the Nasdaq composite index rose 37.55, or 1.5 percent, to 2,498.74. Bond prices fell after demand for safety holdings eased. The yield on the benchmark 10-year Trea- sury note, which moves opposite its price, rose to 3.71 percent from 3.66 per- cent late Friday. The dollar rose, while gold climbed. Crude oil rose 4 cents to $86.19 per barrel on the New York Mercantile Exchange. Traders watched developments of the Gulf oil spill. There are concerns that the fallout from the April 20 accident could disrupt supplies and refining capacity. That would drive the price of oil higher and could hurt the Join us May 6th at Rolling Hills Casino 12-8:30 for a FASHIONABLY HEALTHY AFFAIRE $15 • www.ticketforce.com May 10th 6-9 PM Dr. Nakita Gill, MD, Cardiologist, Weight Loss, Call 527.5077 May 12th, 6-10 PM CPR CARDIAC SUPPORT GROUP St. Elizabeth Community Hospital A member of CHW Coyne Center, Call to Register 529.8031 www.redbluff.mercy.org/sports redbluff.mercy.org 530 www.i-5tirefactory.com Get a $70 Prepaid MasterCard® when you buy any set of four new MICHELIN® redemption form. Offer valid April 29 through May 31, 2010. passenger or light truck tires and submit your brand United parent UAL Corp. rose 51 cents, or 2.4 percent, to $22.11, while Continental climbed 51 cents, or 2.3 percent, to $22.86. Ford Motor Co. rose 28 cents, or 2.2 percent, to $13.30 after posting a 25 percent increase in its April sales. About three stocks rose for every one that fell on the New York Stock Exchange, where volume came to 1.2 billion shares compared with 1.6 billion Friday. The Russell 2000 index of smaller companies rose 16.22, or 2.3 percent, to 732.82. Germany’s DAX index rose 0.5 percent, and France’s CAC-40 rose 0.3 percent. Britain’s FTSE 100 was closed for a bank holiday. 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Pork Tyson OFFICE 1 PART 2 Lisa Muto Red Bluff High School Top 10% of Class Graduated 1979 University of California, Davis Ranked by U.S. News and World Report 42 out of 258 in the U.S. Major - Political Science Graduated with Honors 1984 Santa Clara University School of Law Ranked by U.S. News and World Report 85 out of 184 in the U.S. Academic Scholarship winner at SCU Accredited by the American Bar Association Accredited by the California Bar Association Phi Alpha Delta Law Fraternity Honors Moot Court Board Member Graduated top of class 1989 Passed California Bar Exam 1989 Skillman Red Bluff High School Graduated 1987 Bob Jones University, South Carolina Graduated 1991 Cal Northern School of Law Not accredited by the American Bar Association Graduated 1995 Passed California Bar Exam 1995 VOTE JUNE 8, 2010 FOR ✓ Lisa Muto Skillman Paid for by the committee to elect Lisa Muto Judge Office 1, 2010