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George Noorey
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George Noorey
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Local News


It was the worst day of 2012 on the U.S stock market.  A weak jobs report lead to a huge sell-off and the Dow Jones Industrial Average dropped by 275 points.  Stocks fell more than 2%, dragging the dow into negative territory for the year.  bend financial advisor Tyler Simones of Northwest Quadrant Wealth Management has more:  “It was a bad day; and it was not unexpected.  Economists had expected 165,000 jobs in May, and we only added 69,000 and the March and April numbers were revised down.  Usually you can look at  a jobs report and find some good news, but there wasn't any and that combined with Europe, people were running for the exits and stocks sold off."  The S&P 500 also closed at its lowest since early January and ended below its 200-day moving average for the first time in 2012.

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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