Stocks End Week on Low Note

The Dow Jones graphic says it all—the line continues downward all day until a little hiccup near the end. Good news from the housing market could not temper weak earning reports from Microsoft, McDonald’s, Google and General Electric that pounded the Dow down over 200 points, keeping investors on the sidelines. Today also marks the 25th anniversary of Black Monday, the day the market fell 22.6 percent, the largest single-day drop in history. CNNMoney says the Dow Jones Industrial Average fell -1.52 percent today, -205.43 points, to close at 13,343.51. The Nasdaq lost -2.19 percent, -67.25 points to close at 3005.62. The S&P likewise dropped, -1.66 percent, -24.15 points to close at 1,433.19. The Yahoo! Finance Manufactured Housing Composite moved down -0.85 percent to close at 1132.4. Most housing stocks we track closed down or even. Third Avenue Value Fund (Oct.18) nudged up the most of stocks we follow, gaining +0.35 percent, +0.17, to end the trading day at 49.44. UMH dropped the most of tracked stocks, -2.99 percent, -0.34, to close at 11.05. Affiliated Managers Group 124.44 -1.45 (-1.15%). Cavco Industries 46.23 -0.30 (-0.64%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 133,841 -1,159.00 (-1.15%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 31.23 -0.59 (-1.85%). Equity LifeStyle Properties 67.58 +0.20 (+0.30%). Louisiana Pacific Corp. 15.66 -0.05 (-0.32%). Nobility Homes remained unchanged at 5.50. Patrick Industries 19.91 -0.03 (-0.15). Skyline Corp 4.66 +0.02 (+0.43%). Sun Communities, Inc. 44.25 -0.24 (-0.54%). United Forest Products, Inc. 36.47 -0.93 (-2.49%). UMH 11.05 -0.34 (-2.99%).

(Graphic credit: CNNMoney and RealTick)

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