Indexes Edge Down; Tracked Housing Stocks Close Mixed

Mixed corporate results and anticipation of Federal Reserve Chairman’s Ben Bernanke testimony before Congress on monetary policy tomorrow, Wed., July 17 added up to minor losses for the three major indexes. CNNMoney reports the Dow Jones Industrial Average fell -32.41 points, -0.21 percent, to close at 15,451.85. The Nasdaq lost 0.25 percent, -8.99 points, to end the day at 3,598.50, while the S&P nudeged down -0.37 percent, -6.24 points, to close at 1,676.26. The Yahoo! Finance Manufactured Housing Composite gained +0.39 percent to end at 1120. Housing stocks we follow closed mixed or even, with Nobility Homes posting the biggest gain of tracked stocks, +3.23 percent, +0.25 points, to finish the day at 8.00. Drew Industries fell the most of stocks we follow, dropping -1.27 percent, -0.53, to end the day at 41.31. Affiliated Managers Group 174.11 -1.46 (-0.83%). Cavco Industries 54.16 -0.19 (-0.35%). Champion, Liberty Homes and Palm Harbor continued unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 175,849 -28.00 (-0.02%). Deer Valley remained unchanged at 0.60. Equity LifeStyle Properties emained unchanged at 40.72. Louisiana Pacific Industries 17.15 -0.05 (-0.29%). Patrick Industries 23.15 -0.37 (-1.57%). Skyline Corp. 4.28 +0.13 (+3.13%). Sun Communities, Inc. 52.10 +0.32 (+0.62%). Third Avenue Value Fund (July 15) 55.85 +0.26 (+0.47%). UMH Properties, Inc. 10.86 +0.03 (+0.28%). Universal Forest Products, Inc. 38.43 -0.17 (-0.44%).

(Graphic credit: CNNMoney and RealTick)

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