Government officials? comments on fiscal cliff negotiations pleased investors as the Dow moved up over 100 points. CNNMoney reports the Dow Jones Industrial Average gained +0.83 percent, +106.98 points, ending the day at 12,985.11. The Nasdaq moved up +0.81 percent, +23.99 points, to close at 2,991.78, while the S&P advanced +0.79 percent, +10.99 points, to close at 1,409.93. The Yahoo! Finance Manufactured Housing Composite moved up +1.67 percent to close at 1197. Most housing stocks we track closed up or even, but gains were minimal. Cavco Industries gained the most of tracked stocks, +2.51%, +1.23, to close at 50.19. Universal forest Products, Inc. fell the most of tracked stocks, losing -2.55%, -0.96, to close at 36.80. Affiliated Managers 128.28 +0.47 (+0.37%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 132,291 +287.00 (+0.22%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Deer Valley 0.69 -0.01 (-2.00%). Drew Industries 32.70 +0.04 (+0.12%). Equity LifeStyle Properties 65.07 +0.40 (+0.62%). Louisiana Pacific Industries 17.25 +0.22 (+1.29%). Nobility Homes remained unchanged at 5.20. Patrick Industries 16.98 -0.09 (-0.31%). Skyline Corp. 3.98 +0.06 (+1.53%). Sun Communities 38.29 +0.17 (+0.45%). Third Avenue Value Fund (Nov. 27) 48.56 -0.07 (-0.14%). UMH 10.11 +0.10 (+1.00%).
(Graphic credit: CNNMoney and RealTick)
Source: http://www.mhmarketingsalesmanagement.com/blogs/daily-business-news/three-major-indexes-most-housing-stocks-post-gains/
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