Dow Gains, Cavco Gains More, Nobility Falls Hard

CNNMoney reports a combination of strong corporate earnings from major players like Apple and Boeing, and Federal Reserve Chief Ben Bernanke’s words that the Fed is “entirely prepared to take additional balance sheet actions…should economy require additional support,” gave a strong boost to U.S. stocks. The Dow Jones Industrial Average gained 89.16 points, + 0.69 percent, to end the day at 13,090.72 The Nasdaq gained even more, +2.30 percent, to close at 3029.63, while the S&P also moved up, +1.36 percent, to 1390.69. The Yahoo! Finance Manufactured Housing Composite rose +1.34 percent to close at 1046.2. Housing stocks we track mostly closed up. Cavco Industries gained the most of tracked stocks, moving up 4.64 percent, +2.12, to close at 47.77. Nobility Homes fell the most of tracked stocks, declining -14.24 percent, -0.99, to end the trading day at 5.96. Affiliated Managers Group 113.46 +2.54 (+2.29%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 119,756 +56.00 (+0.05%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 27.78 +0.90 (+3.35%). Equity Lifestyle Properties 69.15 +0.97 (+1.42%). Louisiana Pacific Corp. 8.57 +0.27 (+3.25%). Patrick Industries 8.99 -0.02 (-0.22%). Skyline Corp. 6.04 +0.13 (+2.20). Sun Communities 43.16 +0.52 (+1.22%). Third Avenue Value Fund (4-24) 45.24 +0.34 (+0.76%). UMH Properties 11.71 +0.01 (+0.09%). Universal Forest Product 36.50 +1.71 (+1.98%).

(Graphic credit: CNNMoney and Real/Tick)

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