Dow, S&P Hit new Highs Despite Tepid Economic News; Skyline Drops

France is in recession, industrial production fell in April, and the Empire State manufacturing survey fell into negative territory, but the Dow and the S&P surged to new highs, and the Nasdaq was at its highest level since 2000. CNNMoney reports the Dow Jones Industrial Average advanced +0.40 percent, +60.44 points, to close at 15,275.69. The Nasdaq gained +0.26 percent, +9.01 points, to finish at 3,471.62, while the S&P moved up +0.51 percent, +8.44 points, to set a new high at 1658.78. The Yahoo! Finance Manufactured Housing Composite gained +1.69 percent to close at 1056.6. Stocks we track closed mixed or even, with Louisiana Pacific Industries, Inc. gaining the most of tracked stocks, +1.77 percent, +0.35, to close at 20.08. Skyline Corp. dropped the most of stocks we follow, falling -0.16, -3.38%, to end the session at 4.57. Affiliated Managers Group 165.38 +0.67 (+0.41%). Cavco Industries, Inc. 49.54 +0.15 (+0.30%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 168,970 -297.00 (-0.17%). Champion, Liberty Homes and Palm Harbor continued unchanged. Deer Valley remained at 0.80. Drew Industries 36.68 -0.12 (-0.33%). Equity LifeStyle Properties, Inc. remained unchanged at 83.65. Nobility Homes remained unchanged at 6.75. Patrick Industries 21.75 -0.12 (-0.69%). Sun Communities, Inc. 54.78 +0.35 (+0.64%). Third Avenue Value Fund (May 14) 55.85 +0.15 (+0.27%). UMH Properties, Inc. 11.01 -0.05. (-0.47%). Universal Forest Products, Inc. 39.38 +0.50 (+1.29%).

(Graphic credit: CNNMoney and RealTick)

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