Stock Market Bounces Back from Tough Day April 15

The stock market rebounded from the explosions at the Boston Marathon and the downturn in the Chinese economy that set the stage for the worst one-day sell-off this year, as each of the three indexes gained over one percent, in part on positive news from the housing industry. CNNMoney reports the Dow Jones Industrial Average regained 157.58 points of the 265.86 points it lost in yesterday’s trading, +1.08 percent, to end the day at 14,756.78. The Nasdaq moved up +1.50 percent, +48.14 points, to close at 3,264.63, while the S&P gained +1.43 percent, +22.21 points, to end the day at 1,552.36. The Yahoo! Finance Manufactured Housing Composite advanced +0.50 percent to close at 1521.20. Housing stocks we track closed mostly up or even, with Louisiana Pacific Industries gaining the most of stocks we follow, advancing +3.18%, +1.64, to end the day at 18.66. Third Avenue Value Fund (April 15) fell the most of tacked stocks, -1.88%, -1.00, to end the day at 52.32. Affiliated Managers Group 148.06 +0.02 (+0.01%). Cavco Industries 43.23 +0.43 (+1.01%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 161,000 +4,000.00 (+2.55%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 35.53 +0.70 (+2.01%). Equity LifeStyle Properties 80.14 +0.80 (+1.01%). Nobility Homes remained unchanged at 5.75. Patrick Industries, Inc. 14.51 +0.18 (+1.26%). Skyline Corp. 4.48 -0.05 (-1.10%). Sun Communities, Inc. 48.70 +0.84 (+1.76%). UMH 11.03 +0.13 (+1.19%). Universal Forest Products, Inc. 34.67 -0.46 (-1.31%).

(Graphic credit: CNNMoney and RealTick)

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