Home Improvement Industry Stocks Drop Eight Points
The Hard Fax Composite of home improvement industry
stocks fell eight points in the latest week of trading, ending at 1414, and is
currently up 28 percent on the year. The
Dow Jones Industrial Average fell 142 points for the week, ending at 13437, or plus
10 percent on the year.
Last week the market basket of 28 industry-related
stocks had 19 decliners versus nine gainers.
Despite last week’s pullback, the market continues to
perform well in an uncertain economic environment. With the Dow up 10% for the year, and home
improvement industry stocks up a jaw-dropping 28%, investors certainly have
nothing to complain about. However, as
investors and the rest of the country begin to focus more on the upcoming
election, and what the outcome of that election may mean for the economic strength
of the nation, the final quarter of 2012 may be more influenced by politics
than economics.
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