Red Bluff Daily News

September 18, 2010

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10A – Daily News – Saturday, September 18, 2010 MON.-FRI. 9:00-5:30 • SAT. 9:00 -5:00 • CLOSED SUNDAYS FURNITURE DEPOT MATTRESS NEW YORK (AP) — Stocks gave up most of their gains to end slightly higher Friday, extending a September rally that has slowed as the month wore on. The Dow Jones industri- al tacked on 13 points, while the Standard & Poor’s 500 Index edged up less than a point. Both trad- ed close to the breakeven level all day. The Dow and other major indexes logged their third-straight weekly advance. The market started out on an up note following surprisingly strong profit news late Thursday from MON.-THURS. 9:00-6:00 • FRI. 9:00-7:00 • SAT. 9:00-5:00 • SUN. 11:00-5:00 NORTH VALLEY 235 So. Main St., Red Bluff 527-1657 632 Main St., Red Bluff 527-5837 technology leaders Oracle Corp. and Research in Motion Ltd., which makes BlackBerrys. Technology and indus- trial shares were broadly higher, though energy com- panies were weak follow- ing a drop in crude oil. A decline in a measure of consumer confidence from the University of Michi- gan/Reuters also kept a lid on buying. Gold set another record and Treasury prices edged higher in a sign that investors remain cautious. The Standard & Poor’s 500 Index, the measure used most widely by pro- fessional investors, briefly edged above a technical trading threshold, but not enough to convince ana- lysts that the market is ready to move sharply higher. Stocks have been on a nearly unbroken upward march in September, dri- ving the S&P up 7.3 per- cent. Traders watch such technical barriers closely for clues about where the market might go next. Right now the key level for the S&P 500 is 1,131, its intraday high for June 21 Mattress Sets & Adjustable Bed Stocks end with meager gains, keeping rally going Wall Street and the top end of its recent trading range. It barely peeked over that level Fri- day but failed to stay above it, a sign that the market needs more fuel, in the form of good news on the economy or corporate prof- its, before moving higher again. Uri Landesman, presi- dent of Platinum Partners, said if the S&P can rally past 1,131, it could surge even further in the next cou- ple of weeks. But if it can- not significantly eclipse that level and falls back below 1,115, roughly its low for the week, ‘‘we could go to 1,000 pretty China Buffet CHINESE RESTAURANT Open 7 Days A Week Sunday Buffet Special $ 9.99 COUPON China Buffet Lunch Dinner $9.99 $6.99 Monday - Saturday 343 S. Main St. Red Bluff 530-529-5888 (No Checks) 10 % off COUPON on dinner only (everyday) Expires 9-30-10 COUPON also Toddler program Recently expanded and moved near Bidwell Elementary License # 525405817 (530) My qualifications include: B.A. in Elementary Education and experience teaching grades K-8. Accepting state pay programs & cash pay, etc. 209-8743 fast,’’ Landesman said. The Dow Jones industri- al average rose 13.02, or 0.1 percent, to close at 10,607.85. The Dow is up 5.9 percent in the month to date, defying skeptics who predicted a decline in Sep- tember, which is historical- ly a weak one for stocks. It has risen in seven of the past eight days. The Standard & Poor’s 500 index inched up 0.93, or 0.08 percent, to 1,125.59, and the Nasdaq composite rose 12.36, or 0.5 percent, to 2,315.61. For the week, the Dow and S&P are both up 1.4 percent, and the Nasdaq is up 3.3 percent. The Dow also had three straight weeks of gains in mid- to late July as many big companies delivered positive earnings surprises. ●●●●●●●●●●●●●●●●●●● However stocks spent most of August in a funk before turning higher again in Sep- tember as news on the economy started to improve. The yield on the 10-year note, which moves opposite to its price, fell to 2.74 per- cent from 2.76 percent late Thursday. Its yield is often used to set interest rates on mortgages and other con- sumer loans. Gold touched a new record high again Friday of $1,284.40 an ounce before pulling back to $1,277.50 an ounce. Benchmark oil for Octo- ber delivery fell 91 cents to settle at $73.66 a barrel on the New York Mercantile Exchange, helping to send energy shares lower. Chevron fell 59 cents to $78.46. Mark's Fitness -Private Personal Training Affordable Packages ! -Public Fitness Classes • Spin Class: M-W-F 6 PM Inquire about FREE Spin • Boot Camp call for times WANTED: Certified Fitness Instructors Call: (530) 941-2832 821 Walnut St. FREE pillows • FREE delivery • FREE disposal With purchase of Tempurpedic mattress sets only. Sunday, September 19th • 11:00 to 3:00 Shasta District Fairgrounds Shasta Building Admission $7.00 * Music Services * Wedding Coordinators * Venues * Bakers Affairs Floral Design Wedding Coordinating & Decorating 227-0350 Teri Benson * Photographers * Caterers Grand Honeymoon Giveaway Booth Prizes You must be present to win drawings at 2:30 pm * Many other wedding professionals Bridal Cafe S andy’s autumndreamsbridalfaire.com * Florists Cakes & Catering 347-0599 pecialties Sandy Cappello The Bridal Guide The Apple Tree Scholarship Fund in Memory of Harry and Lorraine Johnson is currently accepting applications for the 2010/2011 school year. $500 scholarships will be awarded to teachers currently employed within Tehama County. Please request an application by visiting; Two http://appletreefund.blogspot.com or by e-mail to theappletree926@gmail.com. Recipients will be chosen based upon classroom need and creative use of funds to motivate, inspire, and challenge students. Applications need to be submitted by Oct. 15th, 2010. Scholarship recipients will be notified by Nov. 15th, 2010. Elementary, middle, and high school educators may apply. Harry and Lorraine Johnson We now serve beer & wine

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