Three Major Indexes Fall from Investors Neglect; Most Tracked Housing Stocks Fall

Investors were busy speculating as to when the Federal Reserve will taper its stimulus program and the three major indexes responded by sliding down. CNNMoney reports the Dow Jones Industrial Average dropped -113.35 points, -0.73 percent, to close at 15,337.36. The Nasdaq fell -0.41 percent, -15.17 points to end the day at 3,669.27, while the S&P lost -0.52 percent, -8.77 points, to close at 1,685.39. The Yahoo! Finance Manufactured Housing Composite fell -1.74 percent to end today’s session at 944.0. Many housing stocks we follow closed down, some ended the day even, although Patrick Industries regained more of the ground it lost Monday, Aug. 12, moving up in today’s session +2.07 percent, +0.47 points, to end the day at 23.32. Louisiana Pacific Industries dropped the most of stocks we follow, falling -3.98 percent, -0.66, to end the day at 15.94. Affiliated Managers Group 180.12 -0.76 (-0.42%). Cavco Industries 50.79 -2.01 (-3.81%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 174,860 -865.00 (-0.49%). Drew Industries, Inc. 43.67 -0.60 (-1.36%). Equity LifeStyle Properties 36.66 +0.37 (+1.02%). Liberty Homes remained steady at 0.60. Nobility Homes continued at 8.50. Palm Harbor Homes remained unchanged. Skyline Corp. 4.93 +0.09 +(+1.86%). Sun Communities, Inc. 45.86 -0.20 (-0.43%). Third Avenue Value Fund (Aug. 14) 56.58 +0.07 (+0.12%). UMH Properties, Inc. 10.08 -0.24 (-2.33%). Universal Forest Products, Inc. 39.00 -1.11 (-2.76%).

(Graphic credit: CNNMoney and RealTick)

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