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6A – Daily News – Wednesday, September 22, 2010 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 Mark's Fitness -Private Personal Training Affordable Packages ! Open Mon. thru Sat. 10am – 6pm OK TRIMMER •Trimming and cleaning are easy with quick release and replaceable grill. •Powerful, efficient and quiet motor • Works well with flowers and various herbs •One person works as fast as ten or more. Select from 15 varieties of scissors! -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. Barber Shop $ Cheers 600 Open 6 days 570-2304 259 S. Main St. Tractor Supply Center Senior Cuts NEW YORK (AP) — Stocks got a brief bump following word that the Federal Reserve is ready to do more to help the economy, but ended mostly lower Tuesday after the central bank disappointed some investors by not taking any bold new actions. Treasury prices ral- lied as investors saw the Fed’s announcement as a signal that more bond purchases were on the way. Stocks mixed as Fed leaves door open for stimulus Wall Street The Fed said it is concerned that inflation is below levels consis- tent with a healthy economy and indicated that it is ready to pro- vide ‘‘additional accom- modation’’ to support the recovery. That would mean more pur- chases of Treasurys or other kinds of debt, which would keep inter- est rates low and hope- fully encourage borrow- ing. ‘‘They left them- selves as much room as they possibly could,’’ said Bill Stone, chief investment strategist at PNC Wealth Manage- ment. ‘‘In the bond world, the coast is clear for buyers.’’ Treasurys rose sharply after the Fed’s announcement, sending interest rates lower. The yield on the 10-year Treasury note fell sharply to 2.58 percent from 2.70 percent the day before, while its price jumped $1.03 to $100.34. The yield is a common benchmark for setting interest rates on corporate debt and mortgages. The Fed’s statement, which came after a one- day meeting of its inter- est rate committee, had only a temporary effect on stocks. Hopes had been building that Tues- day would bring news of a specific new bond- purchasing program, and disappointment ensued when one didn’t materialize. Stocks had been trad- ing lower ahead of the Fed’s announcement and rallied briefly after the news came out. A late slump erased most of the day’s advance from broad market indi- cators, while the Dow Jones industrial aver- age, which tracks 30 large companies, ended with a meager gain. The Dow rose 7.41, or 0.1 percent, to close at 10,761.03. It’s still up 7.5 percent for Septem- ber, an unsually large gain for a month that is historically weak for stocks. The Standard & Poor’s 500 index slipped 2.93, or 0.3 per- cent, to 1,139.78, while the Nasdaq composite fell 6.48, also 0.3 per- cent, to 2,349.35. The weakness in broader indexes sug- gested that a three-week rally on the stock mar- ket may be losing steam as stocks start to look expensive to some investors. The S&P 500 is still up 8.6 percent for the month, while the Nasdaq is up even more, at 11.1 percent. Tom Porcelli, head of U.S. market economics at the Royal Bank of Canada, said there’s now a good chance the Fed will decide to add more debt to its books at the next meeting of its rate-setting committee on Nov. 2. But another round of bond buying by the Fed may offer the economy little help, he argued. The last round of Fed purchases had the effect of lowering lending rates by a half a percentage point. Now, a move by the Fed would have proba- bly less of an impact. Borrowing rates are cheap but borrowing is still weak. ‘‘The fact remains that the eco- nomic backdrop is the driver of lending not low rates,’’ Porcelli said in a note to clients after the announcement. In corporate news, steep discounts and higher costs drove ConAgra Foods Inc.’s fiscal first-quarter profit lower. Shares of the company, which owns the Chef Boyardee and Peter Pan foods brands, fell 80 cents, or 3.6 per- cent, to $21.57. Cruise line operator 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! Carnival Corp. reported a 22 percent jump in quarterly profits as demand was strong dur- ing the summer. It also raised its full-year earn- ings outlook well above analysts’ forecasts. Shares rose 51 cents to $37.57. The dollar fell against other major cur- rencies, while gold prices continued to hover near record highs. Falling stocks out- numbered rising ones two to one on the New York Stock Exchange, where consolidated vol- ume came to 4.2 billion shares.