Daily Business News

While extending one of their stimulus programs, hopes that the Federal Reserve would announce a more aggressive bond buying plan to support the economy fell flat, as did U.S. stocks today. CNNMoney tells us the Dow Jones Industrial Average dropped -12.94 points, -0.10%, to close at 12,824.39. The Nasdaq rose +0.02 percent to 2,930.45, while the S&P dropped -0.17 percent to 1,355.69. The Yahoo! Finance Manufactured Housing Composite fell -0.88 percent to close at 1,035.30. Most housing stocks we track closed down, or even, but UMH Properties managed to squeeze out a gain of +1.20%, +0.12, to close at 10.15. Skyline Corp dropped the most of tracked stocks, losing -3.79%, -0.17, to end the day at 4.32. Affiliated Managers Group 106.37 -0.22 (-0.21%). Cavco Industries 49.37 -0.18 (-0.36%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 123,750 -690.00 (-0.55%). Champion, Liberty Homes, Deer Valley, and Palm Harbor all remained unchanged. Drew Industries 27.32 -0.14 (-0.51%). Equity Lifestyle Properties 68.48 -0.21(-0.31%). Louisiana Pacific Corp. 10.54 -0.16 (-1.50%). Nobility Homes remained unchanged at 6.50. Sun Communities 43.38 -0.15 (-0.34%). Third Avenue Value Fund (6-19) 44.04 +0.32 (+0.73%). Universal Forest Products, Inc. 38.59 +0.07 (+0.21%).

(Graphic credit: CNNMoney and RealTick)