Major Indexes Slip; Cavco Falls 8.70 Percent

Stocks slipped down towards the end of the trading day as investors learned sales on Black Friday were weaker than hoped for, pushing the three major indexes into the red zone for the first trading day of the month. CNNMoney reports the Dow Jones Industrial Average lost 77.64 points, -0.48 percent, to close at 16,008.77. The Nasdaq fell -0.36 percent, -14.63 points, to close at 4,045.26, while the S&P nudged down -4.91 points, -0.27 percent, to finish at 1,800.90. The Yahoo! Finance Manufactured Housing Composite dropped -6.38 percent to close at 693.6. Housing stocks we track in today’s trading closed mixed or even, with Skyline Corp. gaining the most of tracked stocks, moving up +2.05 percent, +0.10, to close at 4.97, while Cavco Industries fell the most of stocks we follow, -8.70%, -5.87, to end the first trading day of the month at 61.60. Affiliated Managers Group 200.78 +0.53 (+0.26%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 172,940 -1,810.00 (-1.04%). Deer Valley remained unchanged at 0.65. Drew Industries 53.43 -0.78 (-1.44%). Equity LifeStyle Properties 35.43 -0.07 (-0.20%). Liberty Homes remained unchanged at 0.51. Louisiana Pacific Corp. 16.32 -0.08 (-0.49%). Nobility Homes remained unchanged at 9.00. Patrick Industries 30.37 -0.88 (-2.82%). Sun Communities 40.44 -0.36 (-0.88%). Third Avenue Value Fund (Nov. 29) 58.73 +0.14 (+0.24%). UMH Properties 9.34 -0.28 (-2.91%). Universal Forest Products, Inc. 52.05 +0.08 (+0.19%).

(Graphic credit: CNNMoney and RealTick)

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