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8B – Daily News – Thursday, September 9, 2010 MON.-FRI. 9:00-5:30 • SAT. 9:00 -5:00 • CLOSED SUNDAYS FURNITURE DEPOT MATTRESS NEW YORK (AP) — Stocks resumed their rally Wednesday as investors brushed off fresh worries about the health of Euro- pean banks. Strong demand at an auction for Portugal’s debt early Wednesday helped relieve some concerns that resurfaced this week about the health of Europe’s bank- ing industry. The Dow Jones industri- al average rose about 60 points in midday trading. were announced. 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 Broader indexes also rose moderately. David Chalupnik, head of equities at First Ameri- can Funds, said it was criti- cal to see support for the Portuguese auction because it helped turned market sen- timent ‘‘a little more posi- tive.’’ European markets reversed their losses after the results of the auction Continued by Popular Demand! “PRIVATE PARTY” CLASSIFIED ADS FREE Through September 30! Sell your stuff! Boats/Autos too! Certain restrictions apply Call Daily News Classified For details! run FREE online at www.redbluffdailynews.com through September Ask about our discount rates for frequent Rental advertisers. D NEWSAILY RED BLUFF TEHAMACOUNTY Classified 527-2151 “We like to move it, move it!” Your Classified ads Rental Real Estate Advertisers: Prime Rib Special $5.99 Financial stocks got a lift from the dwindling con- cerns about Europe’s banks, including UBS AG, which fell sharply Tuesday. JPMorgan Chase & Co. was one of the biggest gain- ers among U.S.-based banks. 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Red Bluff Corning vs. Varsity Football Big game: Friday, September 17 Special Edition Published Thursday, September 16 Advertising Deadline: Friday, September 10 Contact your Daily News advertising representative TODAY! (530) 527-2151 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 of European debt fears fit into the pattern of stock movements over the past couple of months, said Mike McGervey, president of McGervey Wealth Man- agement. ‘‘There seems to be a fix- ation on the latest news and data,’’ McGervey said. Mixed economic data has helped keep stocks hemmed into a trading range recent- ly, he added. A report due out Wednesday afternoon from the Federal Reserve could provide further insight into the pace of the domestic recovery. The Fed’s ‘‘beige book’’ report will break down economic activity across the country by region. The Fed has been cau- tious in its statements about the economy in recent months. Any signs of encouragement from the central bank could be con- sidered further confirmation of last week’s economic reports and restart the rally. In midday trading, the Mark's Fitness -Private Personal Training -Public Fitness Classes (Spin & other classes TBD) NOW OPEN WANTED: Fitness Instructors Call: (530) 941-2832 821 Walnut St. A Clean, Reliable, Trustworthy, Chimney Company... Possible? ”Their tarps are always clean and my home is always clean afterward. 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Britain’s FTSE 100 rose 0.4 percent, Germany’s DAX index gained 0.8 per- cent, and France’s CAC-40 rose 0.9 percent. About seven stocks rose for every two that fell on the New York Stock Exchange, where volume came to a light 281.9 million shares. Volume remains thin, which means many traders are avoiding stocks altogether. Many investors are waiting to get a better sense of the pace of recovery and to see what might happen during November’s elections. BP shares rose $1.18, or 3.2 percent, to $38.37. Hal- liburton rose 33 cents to $30.17. UBS climbed 19 cents to $17.71 a day after tumbling because of worries about the health of European banks. JPMorgan Chase rose 96 cents, or 2.5 per- cent, to $39.24. U.S. Treasury prices fell as investors moved back into riskier stocks. The yield on the 10-year Treasury note, which moves opposite its price, rose to 2.66 per- cent from 2.60 percent late Tuesday. Its yield is often used to help set interest rates on mortgages and other consumer loans. 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