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8B Daily News – Thursday, August 2, 2012 Furniture Depot 235 So. Main St., Red Bluff 527-1657 SAT. 9:00-5:00 • SUN. 11:00-5:00 MON.-FRI. 9:00-6:00 There was more than one story line playing out in the stock market Wednes- day. NEW YORK (AP) — The market wavered between gains and losses for much of the day, yanked around by techni- cal problems, an ambigu- ous statement from the Federal Reserve, and mixed reports on U.S. companies that made it difficult to decipher just where the economy is headed. over, all the key indexes were down, their third straight day of losses. The euphoria of late last week, when investors celebrated after European leaders promised to keep the euro zone intact, seemed a dis- tant memory. The Dow Jones indus- developments Wednesday: —THE ECONOMY For every hint that the economy is improving, another cropped up to indicate that it isn't. Chrysler, Volkswagen and Nissan reported strong sales in July — but Gener- al Motors and Ford fal- tered. By the time it was all to 2,920.21. Here's a look at the key 20-50% off throughout store Sofas • Recliners • Dining Sets • Mattress Sets FINAL DAYS On a chaotic day, Fed, glitches push stocks lower Wall Street for clarity were disap- pointed. Investors' reaction to the Fed statements can be a perverse equation. Some investors want the Fed to say that the economy is doing poorly — poorly enough to persuade the Fed to take more action to try to get it going again. Instead, policymakers Construction spending rose for the third month in a row, according to one closely watched report, but manufacturing activity shrank, according to another. trial average shed 32.55 points to 12,976.13. The Standard & Poor's 500 fell four points to 1,375.32. And the Nasdaq compos- ite index lost 19.31 points The cable company Comcast jumped 3 percent after beating analysts' expectations for second- quarter earnings, but Avon lost 1 percent, after miss- ing them. Comcast fin- ished up $1 at $33.55. Avon lost 19 cents to $15.30. lio manager at Gamco in Rye, N.Y., captured the mood simply: ''We have a couple of positives,'' he said, ''offset by a couple of negatives.'' —TRADING GLITCHES Zahid Siddique, portfo- Professional Personal Convenient • Premium Digital Ask about our Open Fit Technology Discreet and Comfortable Hearing Aids for every budget • FREE hearing evaluations Community Center 1500 So. Jackson Red Bluff Wed., Aug. 8, 2012 10:00 am - 3:00 pm 1-800-488-9906 Appointments CALL Limited • Service/Repair, all makes and models • Batteries & accessories • Preferred provider for most insurance plans: Including PERS, Carpenters, Blue Cross/ Blue Shield, etc. • Low monthly payment plan available • Trial Period/ Satisfaction Guaranteed Performed for proper amplification selection only. The opening minutes of trading were chaotic for some companies, with their shares swinging wildly for no immediately apparent reason. 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''These have happened not once but a number of times, and unless they're addressed they'll continue to happen,'' said Matthew Rubin, director of invest- ment strategy at Neuberg- er Berman in New York. ''I think it's one of many, many things that has rat- tled investors' faith in the equity markets.'' —THE FED The Federal Reserve issued a statement Wednesday afternoon after wrapping up a two-day policy meeting, as is cus- tomary. But investors hoping acknowledged that the economy has ebbed so far this year, but pledged merely to take further steps in the future if neces- sary. But there are also doubts as to whether the Fed has any arrows left in its quiver. It can lower interest rates to try to spur borrowing, but rates are already at historic lows. It can buy bonds to try to drive investors into stocks, but the effect on the funda- mentals of the economy are debatable. Matt Ballew, chairman of Security Ballew Wealth Management in Jackson, Miss., thinks that only more-responsible spend- ing policies will help. ''What the central banks can do from this point on is meaningless,'' Ballew said. ''They can make it worse, but they can't make it better.'' Thursday, investors will be watching for statements from the European Central Bank meeting. Investors are anxious to know if European leaders have some concrete plan to tame the continent's debt crisis, or merely good intentions. regain lost market share Japanese automakers have regained most of the U.S. market share they lost last year when an earth- quake in Japan hobbled their factories and caused model shortages. Here's what's happened to major automakers' market share in the past year: Japanese automakers Company 2011 2012 Difference GM Ford Chrysler Toyota Honda Nissan 20.3 17.4 -2.9 17.0 15.0 -2.0 10.6 10.9 +0.3 12.3 14.3 +2 7.6 10.1 +2.5 8.0 8.5 +0.5 Source: Autodata Corp.