U. S stocks made modest gains as Federal Reserve Chairman Ben Bernanke, testifying before Congress, said the Fed will take a measured approach to the economy, tapering quantitative easing as the economy improves but increase it if the economy starts to falter. The three major indexes advanced ever so slightly, as CNNMoney reports the Dow Jones Industrial Average gained +18.67 points, +0.12 percent, to close at 15,470.52. The Nasdaq moved up +0.32 percent, +11.50 points, to end the day at 3,610.00, while the S&P nudged up +0.28 percent, +4.65 points, to close at 1,680.91. The Yahoo! Finance Manufactured Housing Composite lost -0.03 percent to end at 1119.7. Most housing stocks we follow closed modestly up, or even, with Skyline Corp. posting the biggest gain of tracked stocks, +2.10 percent, +0.09 points, to finish the day at 4.37. Sun Communities fell the most of stocks we follow, dropping -1.07 percent, -0.56, to end the day at 51.54. Affiliated Managers Group 174.98 +0.87 (+0.50%). Cavco Industries 54.74 +0.206 (+0.38%). 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 176,341 +492.00 (+0.28%). Deer Valley remained unchanged at 0.60. Drew Industries 41.49 +0.18 (+0.44%). Equity LifeStyle Properties 41.07 +0.35 (+0.87%). Louisiana Pacific Industries 17.12 -0.03 (-0.17%). Nobility Homes remained unchanged at 8.00. Patrick Industries 23.42 +0.27 (+1.17%). Third Avenue Value Fund (July 16) 55.70 -0.15 (-0.27%). UMH Properties, Inc. 10.91 +0.05 (+0.46%). Universal Forest Products, Inc. 38.49 +0.09 (+0.24%).
