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10B Daily News – Saturday, August 27, 2011 Furniture DEPOT 235 S Main St., Red Bluff 530 527-1657 www.thefurnituredepot.net HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 FURNITURE *See store for details trial average ended anoth- er turbulent week with a strong gain Friday after Federal Reserve Chair- man Ben Bernanke said the U.S. was headed for long-term economic growth. It was the first winning week in a month. Trading volume was light, a sign that many traders were leaving New York ahead of Hurricane Irene. The storm is expected to reach the region late Saturday night. A spokesman for the New York Stock Exchange said trading is expected to open as usual Monday. Bernanke announced no new economic stimu- lus measures during his speech at a conference in Jackson Hole, Wyo., as Bernanke's speech sends stocks higher; Dow up 134 Wall Street The Dow Jones indus- some investors had hoped. He did leave open the possibility of more action if another recession looks likely. Indexes fell sharply as the speech was released at 10 a.m. and it became clear that Bernanke was not promising additional support of the economy. The Dow Jones industri- al average was down about 78 points shortly before the speech started and slumped as many as 220 points shortly after Bernanke started speak- ing. It recovered within an hour and stayed high- er the rest of the day. The Dow Jones indus- trial average rose 134.72 Win WinWin Win You could $100* Just for sharing your local shopping and media preferences! Take the Pulse Research survey online only at: www.pulseresearch.com/redbluffdailynews Do it today – Survey will end when enough surveys are completed. *$100 gift certificates will be awarded to four individuals selected at random from among those completing the survey. Those selected may choose any store or business in Tehama County at which to redeem their gift certificate. Individual survey responses will not be shared with any third party. D NEWSAILY RED BLUFF TEHAMACOUNTY points, or 1.2 percent, to close at 11,284.54. It was up 4.3 percent for the week after being down the past four. The Standard & Poor's 500 index rose 17.53, or 1.5 percent, to 1,176.80. It rose 4.7 percent for the week, its biggest gain since the week ended July 1. The technology-heavy Nasdaq composite index rose 60.22, or 2.5 percent, to 2,479.85. Boeing Co. rose 2.8 percent, the most of the 30 stocks that make up the Dow. Tiffany & Co. rose 9 percent, the most of any of the 500 stocks in the S&P index, after the luxu- ry retailer raised its profit forecast for the year. In his speech, Bernanke focused on the long-term strengths of the U.S. economy. He said the ''do not appear to have been permanently altered by the shocks of the past four years.'' That shot of optimism helped RED BLUFF COLLISION ✪Windshield Replacement $ starting at 200 ✪ Auto Detailing $ 50 off your 1st visit FREE Estimates 530.527.6160 915 Madison St., Red Bluff 1 month unlimited tanning Tehama Family Fitness Center only $25 We've added a 3rd Stand Up Unit! 2 lay down beds 3 stand up units 1 month unlimited tanning limited to 2 per customer Any Lotion only $15 Offer ends August 31 2498 South Main St., Red Bluff 528-8656 www.tehamafamilyfitness.com The report renewed con- cerns that the U.S. might be headed for another recesi The Fed has said it plans to keep short-term interest rates low until mid-2013. Low rates on investments like bonds mae-ts tAyccstaw e ooit- Tn the April-June quarter because of fewer exports and weaker growth in business stockpiles. eee n annual rate of only 0.7 percent in the first six months of the year, the worst pace since the recession ended in June 2009. The yield on the 10- lift markets. ''In the American economy, the only thing that's really lacking right now is confidence,'' said David Kelly, chief market strategist at JPMorgan funds. ''People who understand the limits of monetary policy also understand that the econ- omy has what it takes to grow.'' Other analysts said Bernanke's speech helped lift investor sentiment. Liz Ann Sonders, chief investment strategist at Charles Schwab, said Bernanke's speech was an ''acknowledgement that the Fed is not out of tools and that they stand ready'' to act if needed. ggSiery ti eaasnenr evernment's first estimate of 1.3 percent. year Treasury note spiked in the hour after Bernanke's speech. It was 2.13 percent just before the speech and rose to 2.22 percent in the hour after the text was released. In afternoon trading the yield was 2.20 percent. Demand for Treasurys has been strong in part because of instability in Europe. Germany has balked at proposals to bulk up bailout efforts for Greece, Portugal and Ireland. A group led by Finland is demanding collateral on the bailout loans to Greece, highlighting growing policy divisions among countries that use the euro. Greece can't afford to set aside collat- eral for every nation par- ticipating in the bailout. Finland's move could scuttle the plan. The last time the New York Stock Exchange was closed due to weather was in 1996, when the open- ing was delaying until 11:00 am due to a snow- storm. It was last closed for a hurricane on Sep- tember 27, 1985. ENGLAND'S BOOKKEEPING SERVICES Check Book Balance Email acownteen@yahoo.com Call or Text 530 739-9413 Financial Statements Payroll Sales Tax