Fed may Ease Easing, Giving Investors Pause

Investors responded to purported news that the Federal Reserve may reduce its quantitative easing that is pumping $80 billion into the economy each month by backing off, leaving the three major indexes barely moving. CNNMoney reports the Dow Jones Industrial Average slid -0.18 percent, -26.81 points, to close at 15,091.68. The Nasdaq gained +0.06 percent, +2.21 points, to finish at 3,438.79, while the S&P added +0.07 points, to close at 1633.77. The Yahoo! Finance Manufactured Housing Composite fell -0.20 percent to close at 1019.20. The stocks we track closed mixed, or even, with Sun Communities, Inc. nudging up the most, +0.75%, +0.40, to close at 53.65. Skyline Corp. dropped the most of stocks we track, -3.09%, -0.15 points, to end the day at 4.70. Affiliated Managers Group 161.04 +0.55 (+0.34%). Cavco Industries, Inc. 47.61 -0.06 (-0.13%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 167,380 -400.00 (-0.24%). Champion, Liberty Homes and Palm Harbor continued unchanged. Deer Valley remained at 0.80. Drew Industries 36.68 +0.02 (+0.05%). Equity LifeStyle Properties, Inc. 83.40 -0.07 (-0.08%). Louisiana Pacific Industries 19.46 -0.12 (-0.61%). Nobility Homes remained unchanged at 6.75. Patrick Industries 21.33 +0.03 (+0.14%). Third Avenue Value Fund (May 10) 55.55 +0.32 (+0.58%). UMH Properties, Inc. remained unchanged at 11.02. Universal Forest Products, Inc. 37.99 -0.88 (-2.26%).

(Graphic credit: CNNMoney and RealTick)

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