Dow Regains Most of Yesterday’s Loss; Patrick Ind. Slips the Most

Investors jumped back into stocks after slinking away in yesterday’s trading following Federal Reserve’s chief Janet Yellen suggesting that interest rate hikes would begin in mid-2015. Credit Suisse expects her stance to mollify in her next public appearance. The Dow Jones Industrial Average regained 108.88 points, +0.67 percent, to end the day at 16,331.05, according to CNNMoney. The Nasdaq moved back up 11.69 points, +0.27 percent, to finish at 4,319.29, while the S&P advanced +11.24 points, +0.60 percent, closing at 1,872.01. The Yahoo! Finance Manufactured Housing Composite fell -0.78 percent to close at 799.92. Housing stocks we track in today’s trading closed mixed or even, with Affiliated Managers Group moving up the most of stocks we follow, +2.24 percent, +4.20, to end at 192.04. Patrick Industries, Inc. slipped the most of tracked stocks, -3.99 percent, -1.73 points, to end the day at 41.58. Cavco Industries, Inc. 81.22 -0.86 (-1.05%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 186,620 +2,760.00 (+1.50%). Deer Valley remained unchanged at 75.00. Drew Industries, Inc. 53.81 +0.02 (+0.04). Equity LifeStyle Properties 40.73 +0.29 (+0.72%). Liberty Homes remained steady at 0.80. Louisiana Pacific Corporation 16.82 -0.17 (-1.00%). Nobility Homes remained unchanged at 11.75. Skyline Corp. 6.20 +0.01 (+0.16%). Sun Communities, Inc. 44.22 +0.13 (+0.29%). Third Avenue Value Fund (March 19) 56.31 +0.01 (+0.02%). UMH Properties 9.50 +0.03. (+0.32%). Universal Forest Products, Inc. 54.30 +0.42 (+0.78%). ##

(Graphic credit: CNNMoney and RealTick)

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