Patrick Ind. Spikes 17%; Three Major Indexes Advance

The most recent collection of weak economic reports did not faze investors today as the S&P closed within ten points of its all-time high and the Nasdaq has advanced nine of the last ten trading days. CNNMoney reports the Dow Jones Industrial Average gained +92.67 points, +0.58 percent, to end the day at 16,133.23. The Nasdaq moved up +29.60 points, +0.70 percent, to finish at 4,267.55, while the S&P gained +11.03 points, +0.60 percent, to end the day at 1,839.78. The Yahoo! Finance Manufactured Housing Composite gained +0.56 percent to close at 686.15. Housing stocks we track in today’s trading closed mixed or even, but Patrick Industries gained the most, spiking +17.51 percent, +6.58, to close at 44.16. Skyline Corp. fell the most of stocks we follow, dropping -3.94 percent, -0.25, to end the day at 6.10. Affiliated Managers Group 189.30 +1.88 (+1.00%). Cavco Industries, Inc. 73.82 +1.20 (+1.65%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 169,844 -236.00 (-0.14%). Deer Valley remained unchanged at 0.75. Drew Industries 49.22 +0.52 (+1.07%). Equity LifeStyle Properties 39.63 -0.23 (-0.57%). Liberty Homes remained steady at 0.73. Louisiana Pacific Industries 17.18 +0.03 (+0.16.%). Nobility Homes 11.00 +0.25 (+2.33%). Sun Communities, Inc. 46.11 -1.06 (-2.25%). Third Avenue Value Fund (Feb. 19) 55.75 -0.26 (-0.46%). UMH Properties 9.38 +0.02 (+0.21%). Universal Forest Products, Inc. 54.77 +0.18 (+0.33%). ##

(Graphic credit: CNNMoney and RealTick)

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