Euro Debt Crisis Looms over Dow as MH Composite Drops

CNNMoney reports the Dow Jones Industrial Average dropped steadily during the trading day as investors continue to fear the impact of the Eurozone debt crisis on the global banking market. The Dow fell -100.13 points, -0.84 percent, to close at 11,766.26. The Yahoo! Finance Manufactured Housing Composite Value lost 2.10 percent to close at 664.6, 90 points below its close of 754.2 on Dec. 13. Most tracked housing stocks fell, but Patrick Industries and Skyline Corp. both advanced nicely, Patrick adding 5.67 percent and Skyline rising 4.09 percent. Affiliated Managers Group 89.67 -1.86 (-2.03%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 111,316.00 -1,009.00 (-0.90%). The stock dropped another 16 points in after hours trading to close at 111,300.00. Cavco Industries fell the most of tracked stocks, dropping -3.19 percent, -1.18,  to close at 35.84. Champion, Deer Valley, Liberty, and Palm Harbor Homes were all unchanged. Drew Industries 24.00 +0.15 (+0.63%). Equity Lifestyle Properties 63.97 -1.00 (-1.54%). Nobility Homes remained unchanged at 5.50. Patrick Industries 3.54 +0.19 (+5.67%). Skyline Corp. 4.58 +0.18 +(4.09%). Sun Communities 35.07 -0.26 (-0.74%). Third Avenue Value Fund (12-16) 40.05 +0.43 (+1.09%). UMH Properties 8.85 -0.09 (-1.01%). Universal Forest Products, Inc. 27.45 -0.04 (-0.15%).
(Graphic image: CNNMoney and RealTick)

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