Dow and S&P Hit New Highs; Tracked Housing Stocks Mixed

Investors, hearing that the Federal Reserve may continue its Quantitative Easing policy, sent the Dow and the S&P to new highs during today’s trading session. CNNMoney reports the Dow Jones Industrial Average gained +0.34 percent, +52.3 points, to close the day at 15,387.58. The Nasdaq advanced +0.16 percent, +5.69 points, to finish at 3,502.12, while the S&P gained +0.17 percent, 2.87 points, to end the day at 1669.16. The Yahoo! Finance Manufactured Housing Composite fell -0.78 percent to close at 1047.2. Stocks we track closed mixed or even, with Sun Communities, Inc. gaining the most of tracked stocks, +1.37 percent, +0.77, to close at 56.89. Skyline Corp. fell the most of stocks we follow, -0.139, -3.17%, to close at 4.25. Affiliated Managers Group 167.21 -0.03 (-0.02%). Cavco Industries, Inc. 49.04 -0.97 (-1.94%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 169,189 -11.00 (-0.01%). Champion, Liberty Homes and Palm Harbor continued unchanged. Deer Valley remained at 0.80. Drew Industries 37.33 +0.01 (+0.03%). Equity LifeStyle Properties, Inc. 85.54 +0.91 (+1.08%). Louisiana Pacific Industries, Inc. 19.91 -0.20 (-0.99%). Nobility Homes remained unchanged at 7.00. Patrick Industries 21.77 -0.08 (+0.37%). Third Avenue Value Fund (May 120) 56.44 +0.30 (+0.53%). UMH Properties, Inc. 11.24 +0.04. (+0.36%). Universal Forest Products, Inc. 39.06 -0.19 (-0.48%).

(Graphic credit: CNNMoney and RealTick)

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