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8B Daily News – Thursday, August 23, 2012 Furniture Depot 527-1657 235 So. Main St. Red Bluff Investors drew some comfort Wednesday from signals that the Federal Reserve is worried about the slow pace of the U.S. economic recovery feels more urgency about pro- viding help. NEW YORK (AP) — from lows after minutes from the last major Fed meeting were released. The Standard & Poor's 500 index, down most of the day, eked out a gain of 0.32 point to 1,413.49. The Dow Jones indus- Stocks climbed back MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 SUN. 11:00-5:00 Get your best night's sleep with a Tempur-Pedic® TEMPUR-ContourTM and TEMPUR-Cloud® models. Stocks climb from lows after Fed signals help Wall Street weaker dollar or because of inflation fears. The minutes, from a meeting July 31 and Aug. 1, showed that ''many members'' of the Fed's Open Market Com- mittee felt that additional action would be warrant- ed unless the economic recovery shows ''sub- stantial and sustainable strengthening.'' trial average closed down 30.82 at 13,172.76. It was down as much as 83 points ear- lier. The Nasdaq com- posite index added 6.41 points to 3,073.67. The price of gold rose, as it sometimes does when investors think the Fed is about to pump money into the economy. Gold climbed $14 an ounce to $1,657, its highest level since early May, in trading after the day's official close. expect stimulus from the Fed, they sometimes buy gold in anticipation of a When investors showed that many offi- cials favored pushing any increase in short- term interest rates beyond the Fed's current target of late 2014. Many economists think the tar- get will be pushed to mid-2015. The minutes also ket strategist at ING Investment Manage- ment, wondered why the Fed needed to act. He said major economic data recently, including on jobs and consumer spending, have showed the recovery picking up. ''Why do an extraor- dinary form of stimulus in a moderately recover- ing economy?'' he said. Doug Cote, chief mar- C & C PROPERTIES 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 AND ENTER THE PROPERTY CODE FROM THE AD. $75,000 4 BD 3 BA 1888 SQ.FT. 0.306 ACRES Prop Code 4049 $79,000 3 BD 2 BA 1500 SQ.FT. 0.17 ACRES $90,900 4 BD 2 BA 1254 SQ.FT. 0.23 ACRES $99,900 3 BD 1 BA 1216 SQ.FT. 1.16 ACRES $71,000 3 BD 2 BA 1144 SQ.FT. 1 ACRES Prop Code 4319 Prop Code 4009 $100,000 3 BD 2 BA 1176 SQ.FT. 0.249 ACRES Prop Code 4879 $105,400 3 BD 2 BA 1643 SQ.FT. 0.129 ACRES Prop Code 4199 $110,000 3 BD 1 BA 884 SQ.FT. 0.21 ACRES $129,900 3 BD 2 BA 1248 SQ.FT. 1.99 ACRES Prop Code 4909 $135,000 3 BD 2 BA 1152 SQ.FT. 2.99 ACRES $138,500 2 BD 1 BA 884 SQ.FT. 0.37 ACRES Prop Code 4059 Prop Code 4079 $148,000 1 BD 1 BA 1080 SQ.FT. 0.149 ACRES Prop Code 4099 $149,000 3 BD 1 BA 1224 SQ.FT. 0.51 ACRES Prop Code 4959 $149,500 3 BD 2 BA 1080 SQ.FT. 0.141 ACRES Prop Code 4729 $159,000 3 BD 2 BA 1995 SQ.FT. 0.263 ACRES Prop Code 4119 $164,500 3 BD 2 BA 1596 SQ.FT. 0.72 ACRES Prop Code 4939 $175,000 4 BD 2 BA 1572 SQ.FT. 0.276 ACRES Prop Code 4969 $189,000 5 BD 2 BA 2492 SQ.FT. 0.144 ACRES Prop Code 4529 $195,000 3 BD 2 BA 1716 SQ.FT. 4.95 ACRES $198,000 3 BD 2 BA 1468 SQ.FT. 0.55 ACRES Prop Code 4899 $199,000 3 BD 2 BA 1224 SQ.FT. 0.262 ACRES Prop Code 4229 Prop Code 4169 Prop Code 4979 TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK www.redbluffcoldwellbanker.com See All Tehama County Listings at WYNTOUR GARDENS 365-2256 8026 Airport Road, Redding Located 1 mile south of the Airport (Next to Kents Mkt) Open Mon-Sat 8-5 & Sunday's 10-4 wyntourgardens.com Facebook COMPLETE AUTO REPAIR recommened 30K, 60K, 90K SERVICES AT LOWER PRICES All makes and models. We perform dealer Smog Check starting at$ Pass or FREE retest 527-9841 • 195 S. Main St. (most cars and pick-ups) 2595 + cert. Tony & Carmen Kelley 22679 Moran Road Corning, Ca 96021 530-824-2195 Fax: 530-824-0748 $47,300 2 BD 1 BA 1064 SQ.FT. 0.132 ACRES Prop Code 24449 $59,900 3 BD 1 BA 1080 SQ.FT. 0.275 ACRES Prop Code 24479 $65,000 2 BD 2 BA 1104 SQ.FT. $29,900 2 BD 2 BA 1344 SQ.FT. $44,500 3 BD 2 BA 1157 SQ.FT. $9,499 Prop Code 4249 Prop Code 4209 Prop Code 4729 Prop Code 4639 Prop Code 24459 Prop Code 4849 FORECLOSURES AND HOMES UNDER $200,000 2 BD 2 BA 1000 SQ.FT. On Wednesday, the National Association of Realtors reported that Americans bought more homes in July than in June and prices rose, evidence of a recovering housing market. The 2.3 percent increase in sales from June was the first gain in three months. But the rate of home sales, at 4.47 million annually, was below the pace of April and May and well below the rate of roughly 5.5 million that economists consider healthy. ''The economic num- bers haven't been robust, but they've been better lately,'' said Stephen Carl, principal and head equity trader at invest- ment bank The Williams Capital Group. The dollar fell sharply against most major cur- rencies after the Fed minutes came out. Addi- tional bond purchases by the Fed could push inter- est rates lower and weaken the dollar. The euro rose to $1.2530 in late trading from $1.2467 late Tues- day. The euro jumped as high as $1.2538 after the minutes were released, its highest against the dollar since July 5. European markets fell. Eurozone leaders met with their counter- parts from Greece, which has asked for more time to meet its debt reduction targets. The delay could set up a confrontation with Ger- many, which has been growing impatient. Ger- many's key stock index, the DAX, fell 1 percent, and France's CAC 40 slipped 1.5 percent. Earlier in the day, Asian markets closed down after Japan posted a trade deficit for July, reversing a year-ago sur- plus and adding to signs of a global economic slowdown. Japan's Nikkei 225 index shed 0.3 percent, while South Korea's Kospi dropped 0.4 per- cent and mainland China's Shanghai Com- posite Index slid 0.5 per- cent. Bond traders have become skittish about the Asian slowdown and the debt crisis in Europe. Investors returned to the haven of U.S. Treasurys, Riding an improving housing market, high- end homebuilder Toll Brothers reported 46 percent growth in its quarterly net income after delivering more homes at higher prices to its customers. Its stock rose $1.20, close to 4 percent, to $33.01. Toll Brothers caters to the luxury sector, which has withstood the eco- nomic downturn better than others. Its target market includes house- holds that making more than $100,000 a year, with better credit and more job security. sending the yield on the benchmark 10-year down to 1.72 percent from 1.81 percent late Tuesday. The Commerce Department reported last week that applications for building permits rose to their highest level since August 2008, which sig- nals that construction companies are growing more confident about the housing landscape. Other homebuilder stocks also made big gains: PulteGroup gained 50 cents, or close to 4 percent, at $13.29 and Lennar rose $1.17, or close to 4 percent, at $32.35. Among other stocks making big moves Over 25 years of experience The North State's premier supplier of stoves STOVE JUNCTION It's HOT now! But don't get left out in the 5A>6! 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For a limited time, save up to $200 on corp's stock shot to a 52- week high after the Fed allowed the bank to raise its dividend and buy back more of its own stock. The Cincinnati regional bank's stock was up 3 percent to $14.81, a jump of 42 cents. The stock had reached $15.02 in morn- ing trading, a high for the past year. — Discover Financial Services stock gained 4 percent, or $1.43, to $38.43 after announcing a partnership with Pay- Pal. More than 7 million stores that take Discover cards will be able to process PayPal payments beginning next year. — Fifth Third Ban- The