No negative news from Europe, and positive manufacturing news from the U.S., China and India cheered investors as the market rallied for the first day of trading, 2012. CNNMoney reports the Dow Jones Industrial Average gained 179.82 points, 1.47 percent, to close at 12,397.98. The NASDAQ moved up 1.67 percent, and the S&P gained 1.55 percent. The Yahoo! Finance Manufactured Housing Composite gained percent to close at 737. All but one tracked housing stocks gained, with Patrick Industries posting the biggest advance, moving up +3.66 percent, +0.15, to close at 4.25. Affiliated Managers Group 97.42 +1.47 (+1.55%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 116,469.00 +1,565.00 (+1.36%). Cavco Industries 40.35 +0.29 (+0.72%). Champion, Deer Valley, Liberty, and Palm Harbor Homes remained unchanged. Drew Industries 24.80 +0.27 (1.10%). Skyline Corp. 4.64, but increased to 4.72 in after hours trading, +0.37 (+1.74%). Sun Communities 36.96 +0.25 (+1.18%). Third Avenue Value Fund (12-230) 40.14 +0.12 (+0.30%). UMH Properties 9.65, but falling to 9.47 in after hours trading -0.18, (-1.87%) ranking it as the only tracked stock to lose ground. Universal Forest Products, Inc. 31.75 +0.88 (+2.85%).
(Graphic credit: CNNMoney and RealTick)