Friday’s Cloud Over the Dow Breaks Over MH Index

After a day in the red, the Dow closed modestly higher Friday following a week of strong gains. News that the unemployment rate rose to 9.8 percent in November brought the blues to Wall Street for most of the day. Construction companies contributed to the lower numbers, slashing some 5,000 jobs. Things worked out better for the Manufactured Housing Composite Value, which moved up more than two percent. Leaders for the last trading day of the week included Deer Valley, up more than 11 percent, Skyline Corp., up more than five percent, and Drew Industries, up almost one and a half percent. Palm Harbor and Nobility Homes closed lower.

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