Second Half of Year Starts with a Bang

A key index of manufacturing activity and a rise in construction spending spurred investors to drive all three indexes higher to begin the second half of the year. CNNMoney reports the Dow Jones Industrial Average gained +65.36 points, +0.44 percent, to begin the second half at 14,974.96. The Nasdaq gained +0.92 percent, +31.24 points, to end the day at 3,434.49, while the S&P moved up +0.54 percent, +8.68 points, to close at 1,614.96. The Yahoo! Finance Manufactured Housing Composite rose +0.52 percent to close at 1121.6. Housing stocks we follow mostly closed up or even, with Patrick Industries, Inc. advancing the most of tracked stocks, +2.36 percent, +0.49 points, to finish the session at 21.28. Affiliated Managers Group is the only stock we cover that dropped in today’s trading, falling -1.80 points, -1.10 percent to close at 162.14. Cavco Industries 51.61 +1.16 (+2.30%). Champion, Liberty Homes and Palm Harbor continued unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 169,622 +1,022.00 (+0.61%). Deer Valley was unchanged at 0.65. Drew Industries, Inc. 39.45 +0.13 (+0.37%). Equity Lifestyle Properties 79.50 +0.91 (+1.16%). Louisiana Pacific Industries 15.03 +0.24 (+1.62%). Nobility Homes 7.10 +0.05 (+0.71%). Skyline Corp. 4.01 +0.08 (+2.04%). Sun Communities, Inc. 50.21 +0.45 (+0.90%). Third Avenue Value Fund (June 28) 53.34 +0.14 (+0.26%). UMH Properties, Inc. 10.40 +0.13 (+1.27%). Universal Forest Products, Inc. 40.39 +0.46 (+1.18%).

(Graphic credit: CNNMoney and RealTick)

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