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8A – Daily News – Saturday, September 11, 2010 MON.-FRI. 9:00-5:30 • SAT. 9:00 -5:00 • CLOSED SUNDAYS FURNITURE DEPOT MATTRESS NEW YORK (AP) — Stocks edged higher Fri- day, extending a rally that began nearly two 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 weeks ago, as investors hold on to their new- found optimism about the economy. The Dow Jones industrial average rose 47 points in very light trading. It was the sev- Mattress Sets & Adjustable Bed Stocks continue September rally; Dow gains again Wall Street enth day of gains out of the past eight for the index. Treasury prices eased as traders became more willing to take on risk. Stocks have escaped their August doldrums and moved steadily higher in September thanks to a series of encouraging signals on the economy. The latest came Friday morning with a report that whole- sale inventories shot up in July, a sign of confi- dence that retail sales will pick up. ‘‘It’s becoming more evident that confidence by consumers and the labor market is improv- ing,’’ said Tim Speiss, chairman of EisnerAm- per’s Personal Wealth Advisors practice. ‘‘It’s tepid; It’s weak; But it’s progress.’’ The energy sector got a lift from a jump in oil prices. Oil climbed about 2 percent after a pipeline that delivers oil to Midwest refineries was shut down. Oil com- panies like Chevron Corp. and Schlumberger rose on the news. The market’s Septem- ber rally has paused only once so far, when concerns resurfaced about European banks. European markets fluc- tuated Friday after a report that German banking giant Deutsche Bank is considering raising new cash through a stock sale. Many of the recent improvements in eco- nomic indicators have been incremental, but given the deep pes- simism about the econo- my that had set in during August even faint glim- mers of hope on the job market and other parts of the economy like trade have been enough to please investors. ‘‘There’s been so much negativity that it doesn’t take much in terms of data beating expectations to propel the market,’’ said Hank Smith, chief investment officer at Haverford Investments. The Dow rose 47.53, or 0.5 percent, to close at 10,462.77. That’s the highest close since Aug. Ribs & Spaghetti Dinner 5pm to ??? ★★ Monday Night Football $ Big Screen TV 1150 Monroe St. • 527-6108 AMERICAN SELF-STORAGE ★ 64 Mulberry Ave., Red Bluff • 527-1755 • Fully Fenced • Onsite Manager • Well Lit Property website: www.americanselfstorage.biz • RV & Vehicle parking now available 1/2 OFF 8x10 units 1/2 OFF 10x24 units *for first 3 months Call now for rates. Lowest Price Guaranteed! Jack the Ribber 8.00 10. But it’s still only up 0.3 percent this year. Broader indexes also rose. The Standard & Poor’s 500 index rose 5.37, or 0.5 percent, to 1,109.55, while the Nas- daq composite index rose 6.28, or 0.3 percent, to 2,242.48. About two stocks rose for every one that fell on the New York Stock Exchange, where consolidated volume was extremely low at 3.1 billion shares. Even with their recent gains, most indexes had only modest advances for the week. The main culprit: a drop Tuesday spurred by worries over European banks. The Dow is up 0.1 percent for the week, the S&P is up 0.5 percent, and the Nasdaq is up 0.4 per- cent. Bond prices dipped. The yield on the 10-year Treasury note, which moves opposite its price, rose to 2.79 percent from 2.76 percent late Thursday. Its yield is used to help set interest rates on mortgages and other consumer loans. Oil rose $2.20, or 3 percent, to $76.45 a bar- rel on the New York Mercantile Exchange. Chevron rose $1.46 to $78.82, while Schlum- berger Ltd. rose 78 cents to $59.31. ●●●●●●●●●●●●●●●●●●● FREE pillows • FREE delivery • FREE disposal With purchase of Tempurpedic mattress sets only. 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 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.