Three Major Indexes Nudge up Despite Poor Housing News

Despite a disappointing housing industry sales report and mixed news from several Fortune 500 companies, the three indexes managed modest gains to begin the week. CNNMoney reports the Dow Jones Industrial Average managed to add +0.14 percent, +19.66 points, to end the day at 14,567.17. The Nasdaq moved up +0.86 percent, +27.49 points, to close at 3,233.55, while the S&P gained +0.47 percent, +7.25 points, to end the day at 1,562.50. The Yahoo! Finance Manufactured Housing Composite moved up +1.59 percent to close at 1565.9. Housing stocks we track closed mixed or even. Louisiana Pacific Industries gained the most of stocks we follow, gaining 4.26%, +0.74 points, to end the day at 18.11. UMH fell the most of tracked stocks, falling -1.10%, -0.12 points, to end the day at 10.82. Affiliated Managers Group 146.79 +0.98 (+0.67%). Cavco Industries, Inc. 43.70 +0.77 (+1.79%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 157,342 -519.00 (-0.33%). Champion, Liberty Homes, Deer Valley and Palm Harbor continued unchanged. Drew Industries 34.38 +0.09 (+0.26%). Equity LifeStyle Properties 80.20 -0.19 (-0.24%). Nobility Homes remained unchanged at 5.55. Patrick Industries, Inc. 14.34 +0.25 (+1.77%). Skyline Corp. 4.46 -0.039 (-0.87%). Sun Communities, Inc. 49.22 -0.19 (-0.38%). Third Avenue Value Fund (April 19) 52.48 +0.16 (+0.31%). Universal Forest Products, Inc. 37.33 -0.30 (-0.78%).

(Graphic credit: CNNMoney and RealTick)

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