Friday, September 14, 2012

All Three Indexes Rally Big; Housing Stocks close Mixed or Even ...

The Federal Reserve?s new bond-buying plan shook the cobwebs loose from the stock market, rallying the Dow and the S&P to their highest closing levels since Dec. 2007, and the Nasdaq rose to its highest point since Nov. 2002. CNNMoney reports the Dow Jones Industrial Average spiked 1.55 percent, 206.51 points, to end day at 13,539.86. The Nasdaq advanced +1.33 percent to 3,155.83, while the S&P gained +1.63 percent to 1,459.99. The Yahoo! Finance Manufactured Housing Composite did not do quite as well, but did rise +0.67 percent to close at 1050.50. Housing stocks we track closed mixed or even. Louisiana Pacific Corp. advanced the most of tracked stocks, gaining +2.60%, +0.37, to close at 14.60. Skyline Corp. fell -2.67% to drop the most of stocks we follow, -0.12 points, to end the day at 4.38. Affiliated Managers Group 124.85 +2.98 (+2.45%). Cavco Industries 47.38 -0.27 (-0.57%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 132,601 +2,451.00 (+1.89%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries remained unchanged at 29.50 for the second straight day. Equity Lifestyle Properties 68.87 +0.37 (+0.54%). Nobility Homes remained unchanged at 5.78. Patrick Industries, Inc. 13.63 -0.03 (-0.22%). Sun Communities, Inc. 44.41 +0.30 (+0.68%). Third Avenue Value Fund (9-12) 48.38 +0.56 (+1.17%). United Forest Products, Inc. 41.02 +0.33 (+0.71.%). UMH Properties, Inc. 11.66 +0.07 (+0.60%).

(Graphic credit: CNNMoney and RealTick)

Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/all-three-indexes-rally-big-housing-stocks-close-mixed-or-even/

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