Dow Bounces Back; Nobility gets Banged Up

CNNMoney reports following the year’s worst week, the Dow Jones Industrial Average bounced back, unfazed by the ten percent drop in Facebook’s stock, although encouraged by news from Europe, as the Dow gained +135.1 points, +1.09 percent, to close at 12,504.48. The Nasdaq moved up +2.46 percent to 2,847.21, while the S&P gained 1.60 percent, to 1,315.99. The Yahoo! Finance Manufactured Housing Composite moved up +0.52 percent to close at 998.3. Housing stocks we track mostly closed up. Louisiana Pacific gained the most of tracked stocks, +5.10%, +0.45, to close at 9.28. Nobility Homes dropped the most of tracked stocks, declining -14.12 %, -0.97, to end the trading day at 5.90. Affiliated Managers Group 102.13 +1.96 (+1.98%). Cavco Industries 44.00 +1.32 (+3.09%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 120,220 +370.00 (+0.31%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 26.33 +0.25 (+0.89%). Equity Lifestyle Properties 66.30 +0.94 (+1.48%). Skyline Corp. 4.69 +0.15 (+3.30%). Sun Communities 41.40 +0.73 (+1.79%). Third Avenue Value Fund (5-18) 41.57 -0.15 (-0.36%). UMH Properties 10.68 -0.03 (-0.28%). Universal Forest Products 36.35 +0.12 (+0.35%).

(Graphic credit: CNNMoney and RealTick)

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