Skyline Rises, Three Major Indexes Slip

The weight of lagging tech stocks, especially a tepid sales report from Oracle for the third quarter, pulled down all three indexes in today’s trading session. Additionally, the ongoing financial crisis in Cyprus fed into investors’ caution as well. CNNMoney reports the Dow Jones Industrial Average lost -0.62 percent, -90.24 points, to close at 14,421.49. The Nasdaq fell 0.97 percent, -31.59 points, to close at 3,222.60, while the S&P dropped -0.83 percent, -12.91 points, to end the day at 1,545.80. After breaching the 1600 threshold, the Yahoo! Finance Manufactured Housing Composite fell back -1.38 percent to close at 1578.7. Housing stocks we track closed mixed or even. Skyline Corp. moved up the most of tracked stocks, gaining +7.79 percent, +0.36 points, to end today’s session at 4.98. Affiliated Managers Group fell the most of tracked stocks, dropping -2.27% -3.50, to end the day at 150.45. Cavco Industries 48.10 -0.07 (-0.15%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 153,000 -397.00 (-0.26%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries remained unchanged at 36.51. Equity LifeStyle Properties 74.76 -0.04 (-0.05%). Louisiana Pacific Industries 22.01 -0.15 (-0.68%). Nobility Homes 5.40 +0.10 (+1.89%). Patrick Industries 14.52 +0.33 (+2.33%). Sun Communities, Inc. 46.18 -0.18 (-0.39%). Third Avenue Value Fund (March 20) 52.27 +0.21 (+0.40%). Universal Forest Products, Inc. 40.33 -0.79 (-1.92%). UMH 10.16 +0.04 (+0.49%).

(Graphic credit: CNNMoney and RealTick)

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