Saturday, January 5, 2013

After Powering Up Yesterday, Markets Settle Back | Daily Business ...

Stocks slipped today after minutes of the Federal Reserve?s Dec. meeting revealed some members of the committee may want to end the stimulus bond buying program earlier than originally anticipated. CNNMoney reports the Dow Jones Industrial Average nudged down -0.19 percent, -21.19 points, to 13,391.36. The Nasdaq fell -0.38 percent, -11.69 points, to close at 3,100.57, while the S&P slipped -0.21 percent, -3.05 points, to close at 1,459.37. The Yahoo! Finance Manufactured Housing Composite moved up -1.46 percent to close at 1215.3. Housing stocks we track closed mixed or even. Louisiana Pacific Industries gained the most of stocks we track, moving up +1.88 percent, +0.37, to end the day at 20.07. Skyline Corp. lost the most of tracked stocks, falling -3.20%, -0.14 to 4.23. Affiliated Managers Group 133.91 -0.94 -0.70 percent. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 140,549 +939. (+0.67%). Cavco Industries, Inc. 48.82 -1.00 (-2.01%). Champion, Liberty Homes, and Palm Harbor continued unchanged. Deer Valley remained at 0.60. Drew Industries 33.63 +0.24 (+0.72%). Equity LifeStyle Properties 68.67 +0.33 (+0.48%). Nobility Homes continued unchanged at 4.90. Patrick Industries 16.64 -0.32 (-2.02%). Sun Communities, Inc. remained stable at 40.99. Third Avenue Value Fund (Jan. 2) 50.71 +0.87 (+1.75%). UMH 10.76 +0.03 (+0.28%). Universal Forest Products, Inc. 41.07 +0.08 (+0.21%).

(Graphic credit: CNNMoney and RealTick)

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/after-powering-up-yesterday-markets-settle-back/

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