Dow Falls Below 15k, while Skyline Advances

Concerns about the economy slowing down and the Federal Reserve’s quantitative easing being reduced sent stocks tumbling in today’s trading, as the Dow lost over 200 points. CNNMoney reports the Dow Jones Industrial Average dropped -1.43 percent, -216.95 points, to close at 14,960.59. The Nasdaq fell -1.27 percent, -43.78 points, to end the day at 3,401.48, while the S&P lost -1.38 percent, -22.48 points, to finish at 1,608.90. The Yahoo! Finance Manufactured Housing Composite fell -0.87 percent to close at 1011.8. Most housing stocks we track closed down or even, although Skyline Corp. advanced +3.25 percent, +0.136, to close at 4.32. Patrick Industries, Inc. fell the most of stocks we follow, -4.78 percent, -0.92, to finish at 18.32. Affiliated Managers Group 159.59 -4.14 (-2.53%). Cavco Industries, Inc. 48.24 +0.10 (+0.21%). Champion, Liberty Homes and Palm Harbor continued unchanged. Deer Valley remained at 0.60. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 167,280 -2,570.00 (-1.51%). Drew Industries 37.34 -0.40 (-1.06%). Equity LifeStyle Properties, Inc. 77.72 -0.02 (-0.03%). Louisiana Pacific Industries, Inc. 16.41 -0.53 (-3.13%). Nobility Homes remained unchanged at 7.25. Sun Communities, Inc. 49.45 -0.67 (-1.34%). Third Avenue Value Fund (June 4) 54.77 +0.07 (+0.13%). UMH Properties, Inc. 10.27 -0.13 (-1.25%). Universal Forest Products, Inc. 39.70 -0.26 (-0.65%).

(Graphic credit: CNNMoney and RealTick)

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