Skyline Drops, UFPI Falls; Dow Loses over 100 Points

Investors moved away from the Big Board in trading today, perhaps motivated by the World Bank lowering its Global Economic Outlook estimate for 2014 from the 5.3 percent it predicted in January to 4.8 percent today. CNNMoney tells MHProNews the Dow Jones Industrial Average lost -102.04 points, -0.60 percent to end the day at 16,843.88. Meanwhile, the Nasdaq nudged down -6.07 points, -0.14 percent, to finish at 4,331.93, and the S&P slipped -6.90 points, -0.35 percent, to close at 1,943.89. The Yahoo! Finance Manufactured Housing Composite edged down -1.48 percent to close at 753.3. Tracked stocks we cover mostly closed down or even, although Equity LifeStyle Properties nudged up the most of tracked stocks, +0.60 percent, +0.26 points, to close at 43.50, while Skyline Corp. fell the most of stocks we follow, -0.18 points, -4.13 percent, to close at 4.18. Affiliated Managers Group 199.26 -0.91 (-0.45%). Cavco Industries Inc. 76.14 -1.56 (-2.01%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 192,357 +50.00 (+0.03%). Deer Valley Corp. remained at 0.66. Drew Industries, Inc. 49.05 -0.44(-0.89%). Liberty Homes remained unchanged at 0.80. Louisiana Pacific Corp. 14.41 -0.31 (-2.12%). Nobility Homes remained steady at 11.25. Patrick Industries, Inc. 39.78 -0.19 (-0.48%). Sun Communities, Inc. 49.18 -0.05 (-0.10%). Third Avenue Value Fund (June 10) 60.68 +0.12 (+0.20%). UMH Properties, Inc. 9.85 -0.04 (-0.40%). Universal Forest Products, Inc. 49.63 -1.41 (-2.76%). ##

(Graphic credit: CNNMoney and RealTick)

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