Investors shied away from the market today as they await word from the Federal Reserve on its plans regarding the stimulus program of buying $85 billion bonds each month. As a result, the three major indexes moved little in today’s trading. CNNMoney reports the Dow Jones Industrial Average dropped -9.31 points, -0.06 percent, to close at 15,875.26. The Nasdaq
nudged down -0.14 percent, -5.84 points, to finish the first day of the week at 4023.68, while the S&P lost -5.54 points, -0.31 percent, to end the day at 1,781.00. The Yahoo! Finance Manufactured Housing Composite moved up +1.27 percent to close at 722.4. Housing stocks we track in today’s trading closed mixed or even, but Skyline Corp. edged up the most of tracked stocks, gaining +1.05 percent, +0.05 points, to close at 4.80, while Patrick Industries, Inc. slid the most of stocks we follow, -2.67%, -0.76, to end the day at 27.72. Affiliated Managers Group 203.70 -0.16 (-0.08%). Cavco Industries 62.18 -0.27 (-0.43%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 170,420 -719.00 (-0.42%). Deer Valley remained unchanged at 0.65. Drew Industries 52.81 -0.40 (-0.75%). Equity LifeStyle Properties 36.18 +0.32 (+0.89%). Liberty Homes remained unchanged at 0.6840. Louisiana Pacific Corp. 17.31 +0.10 (+0.58%). Nobility Homes remained unchanged at 8.00. Sun Communities 41.15 +0.41 (+1.01%). Third Avenue Value Fund (Dec. 16) 57.72 +0.30 (+0.52%). UMH Properties 9.11 +0.08 (+0.89%). Universal Forest Products, Inc. 48.66 -0.27 (-0.55%).
(Graphic credit: CNNMoney and RealTick)