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4B Daily News – Friday, December 20, 2013 Stocks pause on Wall Street a day after a surge NEW YORK (AP) — U.S. stock indexes ended up pretty much where they started on Thursday, a day after a powerful surge. Stocks gained the most in more than two months Wednesday after the Federal Reserve said it would reduce its bond-buying program to $75 billion a month from $85 billion. Investors saw the decision as a vote of confidence in the economy. ''It's good for the economy, and it's good for the market, to start standing on its own two feet,'' said Natalie Trunow, chief investment officer for stocks at Calvert Investments. Financial markets were still digesting the Fed's move on Thursday. While stocks were holding close to record levels, Treasury yields climbed, the dollar rose and gold slumped to its lowest in more than three years. Major U.S. stock index- Wall Street es started the day lower, moved gradually higher throughout the day and closed essentially flat. The Standard & Poor's 500 index fell 1.05 points, or 0.06 percent, to 1,809.60. The Dow Jones industrial average rose 11.11 points, or 0.07 percent, to 16,179.08. It rose 293 points the day before. The Nasdaq composite fell 11.93 points, or 0.3 percent, to 4,058.13. Target fell $1.40, or 2.2 percent, to $62.15 after the company said that about 40 million credit and debit card accounts may have been compromised by a data breach that happened just as shoppers flooded into stores for Black Friday, the day after Thanksgiving. Facebook declined 52 cents, or 0.9 percent, to $55.05 after the company said it will sell 70 million shares, more than half of them from CEO Mark Zuckerberg. The S&P 500 is up 0.2 percent for the month after moving into the green for the first time in December on Wednesday. If the gains hold, the index will have advanced for 10 of the 12 months this year. Stock have surged this year as the Fed has kept up its economic stimulus and held down long-term interest rates. Stock prices have also been supported by growing corporate earnings and a gradually strengthening economy. Investors were happy to get more reassurance Wednesday from the Fed that interest rates would stay low after the bondbuying stimulus was removed, said Eric Weigand, a senior portfolio manager at U.S. Bank. The moderate pace of the reduction in the Fed's bond purchases was also encouraging. ''It was not Tehama Country Real Estate RIVERFRONT DOWNTOWN, Beautiful home, 3 car garage/shop, dock on the waters edge. too hot and not too cold,'' Weigand said. In government bond trading, the yield on the 10-year Treasury note rose to 2.93 percent from 2.89 percent late Wednesday. The yield climbs when bond prices fall. Demand for bonds was lower This Week Serving all of Tehama County, Northern Glenn County & Southern Shasta Corning Adult & Family Park Price Reduced to $299,000 3 bedroom, 2 bath................................................$155,000 3 bedroom, 1 bath................................................$179,500 3 bedroom, 2 bath................................................$149,000 3 bedroom, 2 bath................................................$299,000 17 acres, 3 bedroom, 3 bath.................................$485,000 El Camino 16 acres..............................................$114,900 3 bedroom, 2 bath remodeled .............................$149,500 3 bedroom, 2 bath................................................$160,000 3 bedroom, 2 bath................................................$130,000 3 bedroom, 2 bath................................................$115,000 Manufactured on 5 acres in Orland......................$110,000 3 bedroom, 2 bath................................................$178,500 3 bedroom, 2 bath in Red Bluff.............................$349,000 20 acres Paskenta-Flournoy.................................$78,900 Commercial Building/Los Molinos OMC...............$75,000 2 Bedroom, 1 Bath From $14,900 OWC TRIPLEX, fully rented 2/1 units, updated ................................................ $169,000 ANTELOPE area home 3/2 with new well, paint, carpet.........................$135,000 5.89 IRRIGATED ACRES WITH 3/2, 2 Car garage, and Pond...............$175,000 MILL CREEK FRONTAGE for this 3000 s.f. custom home and shop.....$299,000 SENIOR PARK, own your parcel, 3/2 on double lot..................................$65,000 IMMACULATE mobile on 1.5 ac in Dairyville..........................................$145,000 3/1.5 Great starter/investor, HVAC...........................................................$109,000 3/2 Hardwood floors, plus Studio apt.......................................................$139,000 Thursday as traders anticipated less buying from the Fed. The rise in yields also hit the stocks of power companies. Utilities companies fell the most of the 10 industry sectors that make up the S&P 500. Investors buy utility stocks because they pay big dividends. As bond yields rise, those stocks become less attractive. The price of gold dropped $41.40, or 3.4 percent, to close at $1,193.60 an ounce. Gold hadn't settled below $1,200 an ounce in more than three years. Investors are dumping their holdings of gold because interest rates are rising and the dollar is gaining after the Fed said it would pare back its bond purchases. Traders are selling gold because they see less risk of inflation from the Fed's stimulus program. Space Rent $340-$350 a month 530-529-2700 314 Washington St, Red Bluff, CA 96080 1704 Solano St. Corning, CA. 96021 (530) 824-8100 (530) 824-1500 www.TehamaCountyRealEstate.com RE/MAX American Dream Get Results! Put your ad in Tehama Country Real Estate THIS WEEK www.redbluffdailynews.com Call (530) 527-2151 ext. 103 WESTERN REAL ESTATE OPEN HOUSE MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 124 S. Jackson, 3.65 acres NOW REDUCED............$174,500 ALL WEEK Monday thru Sunday 9am to 5pm • 1870 Montgomery (Industrial) .....................................................................2 Acres • 13545 Saint Marys Ave. (Or lease)................................................40,000 sq/ft • 728 Rio Street Rare downtown river front lot ...........................$98,000 Commercial Properties For Lease: Rio Vista Estates Adult park on the river 2 bd, 2 ba #92 $30,900 528-2371 2 bd, 1 ba #124 $29,900 Owner Will Carry 590 Antelope Blvd. Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 60 acres 45 + - plantable acres, two 5 H.P AG wells and one domestic, 2500 sq. ft. 3/2 with in ground pool, 8 horse stall barn with tack room, several other large outbuildings, fenced and crossed fenced. $695,000 • 750 Main Street (Retail/Professional) ............................................1,825 sq/ft • 124 S. Jackson .......................................700 sq/ft Fenced Shop, Storage • 731-741 Main St. (Upstairs)..................................................various size suites • 955 Main St. (Suite inside Bank of America building)......................2,995 sq/ft • 560 Diamond Avenue (Vacant Pad)...................................................8,000 sq/ft • 1040 Monroe Street (Commercial/Industrial).............................1,000 sq/ft • 717 Pine Street (Office Space).......................................................1,700 sq/ft 2 acres with power along the road.......................................................................................$25,000 2 homes on 3.27 acres, fenced and crossed fenced................................................PENDING! 160 acres with cabin ................................................................................................... $200,000 20 acres with well and septic, and power along road..................................................$100,000 10.75 acres with a shop, power, well and septic.........................................................$129,900 Two river front lots zoned multi family....................................................................$70,000 ea 15.31 acres with power and community water, several out buildings and year round creek ............ $80,000 5.9 acres with power along the road.............................................................................$50,000 5500 sq. ft. Commercial Building That has two suite offices, apartment and warehouse......$190,000 60 acres 45 + - plant-able acres, two 5 H.P AG wells and one domestic, 2500 sq. ft. 3/2 with in ground pool, 8 horse stall barn with tack room, several other large outbuildings, fenced and crossed fenced..............$695,000 1994 3/2 1445 sq. ft. .................................................................................................PENDING! Serving all of Tehama County, Northern Glenn County & Southern Shasta Robert Thayer, Owner / Realtor 1704 Solano St, Corning CA, 96021 Call me at (530) 515-3367 for any information on any listing, or listing your own home/business/property. RE/MAX American Dream Email rthayer@remax.net License # 01486553 Stromer Realty ~ Specializing in residential to ranches ~ http://redbluff.stromerrealty.com NEW LISTING 2465 Cimarron Drive $250,000 Immaculately maintained 4 bd, 2 ba, 1,973 sf home located in a highly desirable neighborhood. Four bedrooms -one off master bedroom which could be an office or crafts/sewing room. Vaulted ceiling in great room. Five ceiling fans in home. Many upgrades, including a whole house fan. Owners have installed some sunscreens on windows which have the most sunlight. French doors in master bedroom and kitchen/dining room. Lovely backyard with many larger trees and bushes. New storm door on entrance. Low maintenance landscaping a plus! Storage shed for garden tools. Plenty of space. Great for families! 14970 Oak Knoll Drive, Red Bluff A 1762 sq. ft. country home on 1.52 acres, surrounded by trees and permanent landscaping. This property has been well maintained and is turnkey for a lovely family home. Many amenities, good storage, tile floors and carpet; hickory flooring in master bedroom, hall, dining and living rooms. Laundry room, all appliances, two skylights, ceiling fans, solar gate and many other amenities. A peaceful setting with wildlife viewing. 74 +/- Acres along the Yuba River Asking $500,000 Approximately 74 +/- acres with 36.69 +/deeded. The balance is accretion acreage. It is possible power could be available, as per owner statement. In addition to the fishing, there are an assayed 4.5 million cubic yards of gravel with approximately $20 per yard of gold. The property has around 1/4 mile of river frontage with oaks, digger pines and other native plants. With a little dozer work, year around access could be developed. The elevation is 280' to 300'. Land like this doesn't come on the market very often, and this piece sits on Sucker Flat, historic gold mining town which boomed during the late 19th century. 0 Rivers Edge Dr, Red Bluff 5.25 Acres $175,000 21975 Bellota Lot in Cottonwood, $8,500 One of a kind acreage on the Sacramento River! A wonderful place to build your dream home with beautiful views of Mt. Shasta, Mt. Lassen and the river. Majority of lot high above the flood plane with approximately one acre of flat ground along the river. In an area of nice homes - quiet and peaceful. Power available. Here's a wonderful opportunity to invest in an undeveloped lot in Lake California! .24 Acres. The property has beautiful views in a wooded area and is perfect for building. Ownership comes with all amenities of the Property. Owners Association; which includes a member's lounge, swimming pool, equestrian center, airport, RV parking, clubhouse, tennis courts, campground, fishing and boating.