Issue link: https://www.epageflip.net/i/98711
8B Daily News ��� Thursday, December 13, 2012 Furniture Depot 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 ��� SUN. 11:00-5:00 Stocks end little changed after Fed rally fizzles NEW YORK (AP) ��� Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve���s latest economic stimulus program fizzled out. The Dow Jones industrial average closed down 2.99 points at 13,245.45. It had risen as much as 81 points after the Fed said earlier in the day that it would extend a bond-buying plan and keep interest extremely low. The S&P finished 0.64 points higher at 1,428.48. The Nasdaq composite was down 8.49 points at 3,013.81. The Fed said it will keep spending $85 billion a month on bond purchases to drive down long-term borrowing costs and stimulate economic growth. Of that amount it will spend $45 billion on long-term Treasury purchases to replace a previous bondbuying program of equal size. The central bank also said it would keep its key short-term interest rate near zero at least until the unemployment rate drops below 6.5 percent or inflation Wall Street rises to 2.5 percent. Previously, it had said that it expects to keep the rate low until at least mid-2015. The enthusiasm over the Fed���s announcement, which came at 12:30 p.m. EST, was short-lived. It briefly drew investors��� attention away from the tense, high-level budget talks taking place in Washington. Also, the amount of bond buying the central bank said it would undertake was in line with what investors were expecting, Joseph Tanious, a Global Market Strategist with J.P. Morgan Funds, said. ������I don���t think you���re seeing markets react hugely������ to the Fed, Tanious said. ������Clearly what is driving markets right now is the fiscal policy. What���s holding markets hostage....is uncertainty around the fiscal cliff.������ In Washington, lawmakers were still trying to reach a deal to avoid the fiscal ������cliff,������ a series of sharp tax increases and spending cuts that will hit the economy in January if 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 C & C PROPERTIES An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 FORECLOSURES AND HOMES UNDER $200,000 2 BD 3 BD 2 BD 3 BD 3 BD 3 BD 3 BD 2 BD 3 BD 3 BD 1 BD 3 BD 3 BD 3 BD 3 BD 3 BD 1 BD 5 BD 4 BD 6 BD 4 BD 3 BD 3 BD 3 BD 2 BA 2 BA 2 BA 2 BA 2 BA 2 BA 1 BA 1 BA 1 BA 2 BA 1 BA 2 BA 2 BA 2 BA 2 BA 2 BA 1 BA 2 BA 2 BA 3 BA 2 BA 2 BA 2 BA 2 BA 1000 sq.ft. 1157 sq.ft. 1104 sq.ft. 1560 sq.ft. 945 sq.ft. 1643 sq.ft. 1144 sq.ft. 768 sq.ft. 1216 sq.ft. 1176 sq.ft. 384 sq.ft. 1424 sq.ft. 1114 sq.ft. 1248 sq.ft. 1152 sq.ft. 1493 sq.ft. 1080 sq.ft. 2492 sq.ft. 1592 sq.ft. 3000 sq.ft. 1572 sq.ft. 1392 sq.ft. 1716 sq.ft. 1468 sq.ft. 0.48 ac. 0.07 ac. 0.129 ac. 0.16 ac. 0.127 ac. 1.16 ac. 0.249 ac. 1.6 ac. 0.14 ac. 0.222 ac. 1.99 ac. 2.99 ac. 0.09 ac. 0.149 ac. 0.144 ac. 0.48 ac. 0.29 ac. 0.276 ac. 0.15 ac. 4.95 ac. 0.55 ac. $9,499 $39,500 $59,000 $65,000 $79,900 $80,800 $84,500 $99,000 $99,900 $100,000 $109,000 $109,300 $110,000 $115,900 $135,000 $145,000 $148,000 $165,000 $170,000 $174,900 $175,000 $175,000 $184,900 $198,000 Prop Code 4249 Prop Code 4729 Prop Code 4319 Prop Code 4899 Prop Code 4159 Prop Code 4199 Prop Code 4429 Prop Code 4379 Prop Code 4849 Prop Code 4879 Prop Code 4389 Prop Code 4929 Prop Code 4409 Prop Code 4909 Prop Code 4399 Prop Code 4019 Prop Code 4029 Prop Code 4529 Prop Code 4329 Prop Code 4439 Prop Code 4969 Prop Code 4449 Prop Code 4169 Prop Code 4979 Congress and President Barack Obama are unable to thrash out an agreement to reduce the U.S. budget deficit. The Dow and the S&P advanced for the previous five days as optimism increased that a deal can be struck. The S&P is trading at its highest in five weeks and has now erased all of its post-election losses. Stocks fell immediately after the vote Nov. 6 on concern that a divided gov- TEHAMA COUNTY REAL ESTATE TEAM ��� OPEN 7 DAYS A WEEK Reuse Facility Food Mart 782 Antelope Blvd., Red Bluff (One block east of the fairgrounds) (530) 529-2923 DYED KEROSENE DYED DIESEL (At the pump in back of store) 10�� per gallon discount With this ad. Offer good until 12/31/12 Credit/Debit Cards accepted See All Tehama County Listings at www.redbluffcoldwellbanker.com ernment would struggle to resolve the budget issue. Chemicals giant DuPont advanced 61 cents, or 1.4 percent, to $44.30 after the company unveiled plans to buy back up to $1 billion of its shares next year and said that profit for this year will reach the high end of its forecasts. The yield on the 10-year Treasury note rose 5 basis points to 1.71 percent. Other stocks making big moves: ���Eli Lilly and Co. fell $1.60 to $49 after the Indi- anapolis drugmaker said it will conduct the additional, late-stage study of its possible Alzheimer���s treatment solanezumab. The move delays a regulatory decision on a drug that flashed potential to help patients with mild cases of the disease. ���Health insurer Aetna Inc. rose $1.43 to $45.91 after the company said late Tuesday that it expects sales and profit to grow next year. ���Berkshire Hathaway���s Class A shares jumped $3,169, or 2.4 percent, to $134,045 after the company paid $1.2 billion to repurchase 9,200 shares from the estate of a longtime shareholder. The company���s board also approved paying higher prices for future buybacks. ���Netflix rose $4.65, or 5.4 percent, to $90.73 after the Morgan Stanley raised its prices target on the stock to $105 from $80 and kept its ������overweight������ rating. The company���s deal with Disney, announced Dec. 4, will be a boon to Netflix, according to the investment bank���s analysts. ��� CASH ��� CREDIT/DEBIT CARDS ��� YOUR CONTAINER What?: REAP the benefits of Reuse at the REAP (Reuse of Available Products) Facility. How much? All items are Free! What can I get? ��� Paints ��� Cleaning Supplies ��� Polishes ��� Stains ��� Automotive Fluids ��� and much more Where? At the Tehama County/Red Bluff Landfill: 19995 Plymire Rd., RB When? Monday-Friday 9am - 4pm. For more information, please contact: 528-1103 or visit www.tehamacountylandfill.com