Stocks Soar into December

The Dow Jones Industrial Average rose just shy of 250 points on Wednesday as Goldman Sachs raised their forecast for U.S. economic growth. Manufactured housing and related stocks also closed mostly higher. Universal Forest Products was up nearly five percent, Drew Industries was up 3.6 percent and Cavco rose 2.6 percent. The exceptions were Palm Harbor Homes and Deer Valley Corp., which both closed lower. The Manufactured Housing Composite Value was up 1.6 percent while the Dow Jones U.S. Home Construction Index was up more than four percent.

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