Dow Drops, Euro Debt Threatens, Chinese Mfg. Lessens

CNNMoney reports the Dow Jones Industrial Average slid again as investors continue to worry about the European debt crisis that only seems to deepen, as well as the drop in Chinese manufacturing numbers. The Dow lost 235.94 points, -2.05 percent, to close at 11,257.78. The Yahoo! Finance Manufactured Housing Composite Value dropped more, losing -6.29 percent to close at 740.2. All but one of our tracked housing stocks closed down. Affiliated Managers Group 82.90 -2.66 (-3.12%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 110,710.00 -1,490.00 (-1.40%). Cavco Industries 39.76 -2.37 (-5.63%). Champion, Deer Valley, Liberty and Palm Harbor were all unchanged. Drew Industries 20.33 -0.58 (-2.77%). Equity Lifestyle Properties 58.96 -1.39 (-2.30%). Nobility Homes 6.00 -0.52 (-7.98%). Patrick Industries 2.49 -0.18 (-6.74%). Skyline Corporation slid the most of our tracked stocks, dropping -10.35 percent in value, -0.62, to close at 5.37. Sun Communities 33.57 -1.08 (-3.12%). Third Avenue Value Fund was the sole tracked stock that moved up, gaining +0.32 percent, +0.13, to close at 40.19 (11-22). UMH Properties 9.17 -0.17 (-1.82%). Universal Forest Products, Inc. 24.89 -0.75 (-2.93%).

(Graphic credit: CNNMoney and RealTick)

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