Stocks began the day moving up on positive economic reports, but after President Obama spoke about raising taxes on the wealthy to help pay for the impeding fiscal cliff, they fell back, although still registering small gains. CNNMoney reports the Dow Jones Industrial Average nudged up +0.03 percent, gaining +4.07 points, to close at 12,815.39. The Nasdaq moved up +0.32 percent, +9.29 points to close at 2,8904.87, while the S&P gained +0.17 percent, +2.34 points to close at 1,379.85. The Yahoo! Finance Manufactured Housing Composite advanced +1.41 percent to close at 1165.5. Housing stocks we track closed down or even. Of the stocks we follow, Cavco Industries gained the most, +5.74 percent, up +2.66 points to end the week at 48.97. Sun Communities, Inc. dropped the most of tracked stocks, -2.88 percent, -1.20, to finish at 39.54. Affiliated Managers 125.57. +0.88 (+0.71). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 127,585 +685 (+0.54%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 31.50 +0.17 (+0.54%). Equity LifeStyle Properties 66.78 -0.47 (-0.73%). Louisiana Pacific Industries 16.08 +0.27 (+1.71%). Nobility Homes 5.40 +0.05 (+0.93%). Patrick Industries 18.86 -0.46 (-2.38%). Skyline Corp. 4.31 -0.02 (-0.46%). Third Avenue Value Fund (Nov. 47.64 -0.47 (-0.98%). United Forest Products, Inc. 36.07 -0.63 (-1.72%). UMH 10.02 +0.02 (+0.20%).
(Graphic credit: CNNMoney and RealTick)
Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/cavco-sizzles-dow-fizzles/
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