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10B Daily News – Tuesday, November 6, 2012 NEW YORK (AP) — Stock indexes drifted around the break-even mark in light trading Mon- day, one day before the U.S. presidential election. Uncertainty surround- ing the election kept investors reluctant to make big moves, said Randy Frederick, manag- ing director of active trad- ing and derivatives at the brokerage Charles Schwab. National polls show President Barack Obama and Mitt Romney in a tight race. The two candi- dates are spending the final days of the campaign holding rallies in Ohio and other states considered crucial to winning the White House. ''I honestly think the Stocks waver a day ahead of election Wall Street believes that no matter who wins, the stock mar- ket will likely surge once it's over for the sole rea- son that investors will know the name of the next president. Frederick said he markets are going to sit here and mark time,'' Frederick said. ''The mar- kets have a tendency to trade sideways before big news events, and nothing is bigger than a presiden- tial election.'' Dow Jones industrial average was down 12 points to 13,081. Shortly after noon, the SPECIAL Move in by the 1st of the month Pay 4 months rent 650 Main St., Red Bluff Get 5th month FREE! Tues.-Fri. 10:30-5:30 530 528-2723 WebbersCrafts & More VENDOR MOVE IN In other Monday trad- ing, the Standard & Poor's 500 index lost one point to 1,413, while the Nasdaq composite index rose seven points to 2,989. Apple rose $3.98 to $580.78. The company said it sold 3 million iPads in the three days after launching a smaller ver- sion, the Mini. Tim Cook, Apple's CEO, said the iPad Mini is ''practically sold out.'' government debt, the yield on the 10-year Trea- sury note fell to 1.68 per- cent, down from 1.72 per- cent late Friday. There was only one major economic report, a measure of activity among so-called service compa- nies, which employ about 90 percent of the Ameri- In the market for U.S. big moves: — Tesla Motors jumped 6 percent after the maker of rechargable electric cars said it was now producing enough of its Model S cars to gener- ate positive cash flow. Tesla, the brainchild of PayPal billionaire and SpaceX founder Elon Musk, now has two all- electric models on the market, the $109,000 Roadster and the new Model S. The company's stock gained $2.18 to $31.10. can workforce. The Insti- tute for Supply Manage- ment's service-sector index showed growth in HAD A SMASHING WEEK? WE WILL GIBBS Sat. 11-3 • Closed Sun. & Mon. GIBBS NOW OFFERS RENTAL CARS M-F 8AM-5PM 527-2649 780 EAST AVE. (behind Food Maxx) STRAIGHTEN IT OUT. Voted BEST in Tehama County all 7 years 2006~2012 www.claytonredbluff.com 26 Sale Lane, Red Bluff, CA 96080 916-371-2200 OPEN MON-FRI 9 am - 6 pm SAT 9 am - 5 pm AUTO BODY REPAIR October, but at a slower pace than in September, and just short of what economists expected. In Europe, renewed focus on Greece's eco- nomic problems com- bined with uncertainty over the U.S. election to push stocks lower. Ger- many's benchmark index, the DAX, dropped 0.5 percent, and the CAC-40 in France fell 1 percent. ''With the race so close, investors are under- standably risk-averse today,'' said James Hugh- es, chief market analyst at Alpari, a London broker- age. Among stocks making Complete Autobody Repair INTERCITY BODY & PAINT Factory Trained Specialists In: • Painting • Fiberglass Repair • Exotic Metals • Color Matching • Frame Repair • Spray-In Bedliners • All Auto Manufacturers • Rental Cars Available We accept all Insurance Carriers 530 529-2040 1355 Vista Way, Red Bluff — Stifel Financial said it reached an agreement to buy the investment bank KBW in a $575 million deal. The boards of both companies have already signed off, but sharehold- ers of KBW and regula- tors must follow suit. KBW's stock leapt $1.18 to $17.48. — Time Warner Cable lost 6 percent, the biggest drop of any company in the S&P 500. The coun- try's second-largest cable company posted earnings Monday morning that fell short of analysts' predic- tions. Time Warner reported stronger revenue across most of its busi- nesses but lost 140,000 cable TV subscribers in three months. The compa- ny's stock fell $6.32 to $91.85. K W I K K U T S Family Hair Salon $200 REGULAR HAIRCUT off with coupon Not good with other offers 1064 South Main St., Red Bluff • 529-3540 Reg. $13.95 Expires 11/30/12 ALL INVENTORY MUST BE SOLD SAVE THOUSANDS OF DOLLARS CALL US TODAY TO FIND OUT ABOUT THE GREAT DEALS WE HAVE TO OFFER!