Issue link: https://www.epageflip.net/i/17586
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Note: Only one trade in allowance per item purchased The Dow Jones industrial average closed above 11,000 for the first time in five months Friday as hopes built that the Federal Reserve will take more action to get the economy going again. The milestone, which effectively erases the effects of a long summer slump for stocks, comes one day before the three-year anniversary of the market’s all-time high. The Dow is still 22.3 percent below that level. The last time the Dow closed above 11,000 was May 3, just three days prior to a harrowing ‘‘flash crash’’ that briefly sent stocks plummeting. The Dow had reached its highest level of the year just a week before. October 23-24, 2010 10,000 total distribution! RED BLUFF magazine format Official Event Program broadcast, anticipating attendance by thousands of local folks, as well as thousands of visitors from far and wide, many of whom will spend the whole weekend in Tehama County! Join the sponsors of the hot air balloons in advertising in this exclusive promotional section and event program. Space and Art Reservations Deadline Wednesday, October 13, 2010 1/16 page (2.4”x 2.3”) 1/8 page (4.9” x 2.3”) 1/4 page (4.9” x 4.75”) Ad Sizes Advertising Rates: Prices 1/2 page (vertical 4.9”x 9.65”) $275 Full color add $94 1/2 page (horizontal 10”x 4.75”) $275 Full color add $94 Full page (10”x 9.65”) Back Page (10”x 9.65”) Contact your Daily News Advertising representative today! Call (530) 527-2151 or email advertise@redbluffdailynews.com $60 Full Color add $26 $90 Full Color add $40 $150 Full color add $66 $500 Full color add $120 $750 includes full color Friday, October 22, 2010 3,000 additional distribution at the event site All events at Rolling Hills Casino This major event will be mass promoted regionally in print and Published exclusively in the D NEWSAILY TEHAMACOUNTY Tabloid, newspaper A weaker jobs report added to a series of tepid economic indicators in recent weeks that have built expectations that the Fed will announce new steps to encourage borrowing when it meets in early November. Private employers added 64,000 workers last month, short of the 75,000 econo- mists expected, according to a monthly government report released early Friday. Overall, 95,000 jobs were slashed as governments laid Dow closes above 11,000 Wall Street NEW YORK (AP) — off workers, including tem- porary census employees. The unemployment rate held steady at 9.6 percent. Jason Pride, director of investment strategy at wealth management firm Glenmede, said that the weak report gives the Fed ‘‘the window of opportunity to take action.’’ The Fed’s goal, if it starts buying bonds again, would be to drive interest rates down further from their already low levels and spark borrowing and spending. Lower rates could also eventually drive investors into riskier assets like stocks or into currencies in coun- tries with more attractive interest rates. Alcoa Inc. was the biggest gainer among the 30 stocks that make up the Dow Jones industrial aver- age after reporting earnings that beat expectations late Thursday. Shares of the alu- minum maker rose 5.7 per- cent to close at $12.89 after the company raised its fore- cast for global aluminum consumption. Alcoa is traditionally the first of the Dow 30 to report earnings and is often seen as a bellwether for industrial companies. Other materials companies such as Freeport-McMoRan Cop- per & Gold Inc. and Dow Chemical Co. also rose. The Dow rose 57.90, or 0.5 percent, at 11,006.48. The Dow first crossed 11,000 in May of 1999, and reached its highest close of all time on Oct. 9, 2007, when it finished at 14,164.53. The Dow is up five of the past six weeks, and 5.5 per- cent for the year. The Standard & Poor’s 500 index gained 7.09, or 0.6 percent, to 1,165.15, and the Nasdaq composite index gained 18.24, or 0.8 per- cent, to 2,401.91. Employers have not started hiring a lot of work- ers because of worries about potential tax hikes and unknown costs associated with health care and finan- cial regulatory reform passed earlier this year. Consumers have also kept their spending down, which has kept a lid on hiring. Earnings are likely to become more of a factor in the market’s direction in the coming weeks as hundreds of companies report results. Carole Peck, president and founder of Carole Peck Financial Center, said ‘‘if we see positive earnings, and projections for the fourth quarter are fairly decent, that should play positively.’’ Strong earnings results and upbeat corporate out- looks drove the Dow up 7.1 percent in July. 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 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! 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.

