Concerns about what will happen when the Federal Reserve ends its quantitative easing led to stocks dropping sharply in today’s trading. CNNMoney reports the Dow Jones Industrial Average fell -106.59 points, almost the exact amount it gained in yesterday’s trading, -0.69 percent, to close at 15,302.80. The Nasdaq dropped -0.61 percent, -21.37 points, to end the day at 3,467.52, while the S&P declined -0.70 percent, -11.7 points, to finish at 1,648.36. The Yahoo! Finance Manufactured Housing Composite fell -0.70 percent to close at 1072.8. Most housing stocks we track closed down or even, although Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway gained the most of tracked stocks, +0.60 percent, +1,002 points, to close at 166.49. Patrick Industries dropped the most of stocks we follow, falling -4.06 percent, -0.87, to end the session at 19.90. Affiliated Managers Group 164.89 -1.60 (-0.96%). Cavco Industries, Inc. 47.46 -1.75 (-3.56%). Champion, Liberty Homes and Palm Harbor continued unchanged. Deer Valley remained at 0.60. Drew Industries 37.58 -0.20 (-0.53%). Equity LifeStyle Properties, Inc. 79.49 -1.65 (-2.03%). Louisiana Pacific Industries, Inc. 18.34 -0.63 (-3.32%). Nobility Homes remained unchanged at 7.25. Skyline Corp. 4.28 -0.07 (-1.67%). Sun Communities, Inc. 51.86. -0.82 (-1.56%). Third Avenue Value Fund (May 28) 55.75 +0.28 (+0.50%). UMH Properties, Inc. 10.64 -0.30 (-2.74%). Universal Forest Products, Inc. 39.91 -0.19 (-0.47%).
