Stocks Regain Some Lost Ground from Yesterday

Positive economic data and Fed Chairman Ben Bernanke’s words to Congress indicating the bond-buying program of the Fed will continue helped stocks regain some of their losses yesterday. CNNMoney reports the Dow Jones Industrial Average regained +0.84 percent of the 1.55% lost yesterday, +115.96 points, to end the day at 13,900.13. The Nasdaq moved up +0.43 percent, +13.40 points, to close at 3,129.65, while the S&P gained +0.61 percent, +9.09 points, to end the day at 1,496.94. The Yahoo! Finance Manufactured Housing Composite rose +2.35 percent to close at 1472.3. Housing stocks we track closed mixed or even. Louisiana Pacific Industries gained the most of tracked stocks, gaining +3.40 percent, +0.68, to end the day at 20.70. Third Avenue Value Fund (Feb. 25) dropped the most of the stocks we follow losing -1.65 percent, -0.86, to end the day at 51.21. Affiliated Managers Group 143.65 +1.10 (+0.77%). Cavco Industries 44.91 +0.42 (+0.94%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 148,320 -1,580.00 (-1.05%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 36.00 +0.34 (+0.95%). Equity LifeStyle Properties 74.70 +0.14 (+0.19%). Nobility Homes remained unchanged at 5.75. Patrick Industries 12.21 +0.27 (+2.26%). Skyline Corp. 4.51 -0.04 (-0.88%). Sun Communities, Inc. 46.70 +0.01 (+0.02%). Universal Forest Products, Inc. 40.67 +0.90 (+2.26%). UMH 10.10 +0.04 (+0.40%).

(Graphic credit: CNNMoney and RealTick)

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