Stocks Take a Dive

The Dow moved briefly below 11,000 today and European debt worries caused the Dow to shed nearly 200 points. The index settled above the 11,000 mark at the end of the trading day, however, down 178 or 1.59 percent. Palm Harbor Homes continued to shed share price value. By the close of business, shares had lost nearly 60 percent following the filing of a financial report with the Securities and Exchange Commission. The company has lost nearly 90 percent of its share value to date this year. Other big movers include Cavco, down more then four percent, Deer Valley down nearly as much. Likewise for Equity Lifestyle Properties, Skyline Corp and Sun Communities. If you’re looking for a bright side, a flicker of green shown beside Drew Industries, up about one percent. The Manufactured Housing Composite Value was off 2.74 percent.

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