Most Industry Stocks Drop with Dow

Three banks were the only three stocks in this publications Mortgage Industry Equity Composite to reap gains on Wednesday.

Hudson City Bancorp Inc. ended the trading day up more than 1% and Dime Community Bancshares Inc.s shares increased by a little less than 1%. Bank of America Corp.s stock was up only just a little above where it had been the day before.

Builder KB Home suffered the greatest percentage decline in value on the day, but it still was down less than 3%. The Dow ended the day down less than 1%.

A $100 investment in MIEC stocks on Jan. 1, 1998 based on week-to-week gains today remained near $43 in value, according to this publications MortgageStats subsidiary. This was in line with the indexs general trend. It has been stable to slightly higher this year.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Most-Industry-Stocks-Drop-with-Dow-1039653-1.html

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