Home Improvement Industry Stocks Dip 9 Points
[Monday, August 27, 2012] The Hard Fax Composite of home improvement industry stocks fell nine points in the latest week of trading to end at 1362, down from 1371 the prior week, and is currently up 24 percent on the year. The Dow Jones Industrial Average fell 117 points for the week, ending at 13158, or plus eight percent on the year.
Last week the market basket of 28 industry-related stocks had 16 decliners versus 12 gainers.
With the industry composite up 24 percent on the year, it is obvious the market is bullish on the growth potential of the home improvement industry. It would be wise to remember, however, that what goes up can go down. Even the most optimistic of investors acknowledge that the world economy and the uncertainty of our own country’s political, social and economic future are causes for concern.
The full stock chart, plus links to live quotes, is here:
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