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8B Daily News ��� Thursday, February 28, 2013 Furniture Depot SALE 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 ��� SUN. 11:00-5:00 *���no sales tax��� in reference to discount given equal to the amount of calculated sales tax. throughout the store Dow nears record, fueled by strong housing and Fed NEW YORK (AP) ��� The Dow came within 60 points of its all-time high Wednesday, rising sharply for a second straight day. The market surged following more evidence that the Fed will keep interest rates low, housing will keep recovering and shoppers aren���t pulling back on spending, though they���re paying more in Social Security taxes this year. The gains were broad: Twenty-nine of 30 stocks in the Dow Jones industrial average rose. All 10 industries in the Standard and Poor���s 500 index climbed. The Dow Jones industrial average closed up 175.24 points, or 1.2 percent, to 14,075.37. The index is now 89 points from its record close of 14,164.53 reached in October 2007. It rose Wall Street steadily from the opening bell, then peaked near the record at 3:26 p.m. Eastern Time, before easing slightly in the last half hour of trade. The Dow has surged 290 points in the past two days, erasing its drop of 216 points Monday when inconclusive results from an election in Italy renewed worries that Europe���s fiscal crisis could flare up again. ������The market psychology has clearly shifted. It���s no longer sell the rally, it���s buy the dips,������ said Dan Veru, chief investment officer of Palisade Capital Management. ������The economic data continues to be strong.������ The Standard and Poor���s 500 index gained 19.05 points, or 1.3 percent, to LAST DAY TO VOTE! 1,515.99. That put it within 49 points of its record close of 1,565, also in October of 2007. The Nasdaq composite rose 32.61 points, or 1.3 percent, to 3,162.26. Investors were also encouraged Wednesday that Federal Reserve Chairman Ben Bernanke stood behind the central bank���s low-interest-rate policies as he faced the House Financial Services Committee. His comments dissipated worries about the bank���s resolve to keep up the program. Those worries sprang up last week when minutes from the bank���s last policy meeting revealed disagreement among Fed officials. Also, the number of Americans who signed contracts to buy homes rose in January from December to the highest level in almost three years. The report continued a string of positive housing news. Sales of new homes jumped 16 percent last month to the highest level since July 2008, the government reported Tuesday. Home builder stocks rose for the second day in a row. PulteGroup climbed 25 cents, or 1.3 percent, to $19.30, after rising 5.7 per- cent the day before. ������Some encouraging news for the bulls has been the housing data that has come out over the past couple of days,������ said Todd Salamone, director of research at Schaeffer���s Investment Research. The analyst said he remained ������extremely bullish,������ on stocks in the medium and long-term, but cautioned that a pullback may lie ahead in coming days 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 C & C PROPERTIES An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 Vote for your favorite Tehama County Businesses! Online Ballots Only at www.redbluffdailynews.com Five Lucky Voters will be selected at random from all eligible ballots on March 1. Each will receive a $100 Shopping Spree at the Tehama County business of their choice! FORECLOSURES AND HOMES UNDER $200,000 3 BD 3 BD 3 BD 2 BD 3 BD 1 BD 3 BD 3 BD 3 BD 3 BD 3 BD 1 BD 2 BD 6 BD 3 BD 3 BD 3 BD 3 BD 2 BA 2 BA 1 BA 1 BA 2 BA 1 BA 2 BA 2 BA 2 BA 2 BA 2 BA 1 BA 1 BA 3 BA 2 BA 2 BA 2 BA 2 BA 1104 Sq Ft 945 Sq Ft 1152 Sq Ft 768 Sq Ft 1125 Sq Ft 384 Sq Ft 1493 Sq Ft 1299 Sq Ft 1150 Sq Ft 1152 Sq Ft 1386 Sq Ft 1080 Sq Ft 1356 Sq Ft 3000 Sq Ft 1750 Sq Ft 1701 Sq Ft 1560 Sq Ft 1701 Sq Ft 0 AC 0.07 AC 0.32 AC 0.127 AC 0.83 AC 1.6 AC 0.09 AC 1.84 AC 0 AC 2.99 AC 0.17AC 0.149 AC 0.37 AC 0.29 AC 0.15 AC 10.56 AC 0.74 AC 10.51 AC $64,900 $64,999 $75,000 $99,000 $102,999 $109,000 $109,900 $119,000 $125,000 $125,000 $135,000 $148,000 $149,000 $174,900 $175,900 $189,000 $189,900 $192,900 Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code Prop Code 4889 4159 4729 4379 4699 4389 4019 4179 4929 4399 4939 4029 4169 4439 4639 4079 4759 4099 See All Tehama County Listings at www.redbluffcoldwellbanker.com TEHAMA COUNTY REAL ESTATE TEAM ��� OPEN 7 DAYS A WEEK after the year���s strong gains. Stocks have surged since the start of the year. The Dow is up 7.4 percent and the S&P 500 has climbed 6.3 percent. But rising even more is the Dow Jones transportation average, which is up 13 percent for the year at 5,989.37. Airlines like Delta and Alaska Air are powering the gains. ������If the economy is doing well you���ve got to be moving stuff around,������ said Phil Orlando, chief equity strategists at Federated Investors. ������You���ve got to be moving people on airplanes, you���ve got to be moving cargo with trains or trucks, or UPS.������ Discount retailers rose Wednesday. Dollar Tree jumped $4.31, or 11 percent, to $45.39 after reporting a 22 percent profit increase. Dollar General rose $1.61, or 3.6 percent, to $46.56. Family Dollar Stores rose $1.39, or 2.5 percent, to $57.68. Earnings for S&P 500 companies will climb 7.8 percent in the fourth quarter, the third straight quarter of growth, according to data from S&P Capital IQ. The yield on the 10-year Treasury note rose two basis points to 1.90 percent. Among other stocks making big moves; ��� Retailer J.C. Penney fell $3.07, or 15 percent, to $18.09 after the market closed. That drop followed a quarterly loss that was much larger than expected. ��� Priceline.com rose $17.42, or 2.6 percent, to $695.91 after reporting that its net income jumped in the fourth quarter as bookings grew.