Daily Business News

Fear of the European debt crisis raised its ugly head again today as the Spanish government reported its banks have more problem loans than originally thought, setting the Dow Jones Industrial Average back modestly from yesterday’s big gain. CNNMoney reports the Dow lost 82.64 points, -0.63 percent, to close 13,032.90. The Nasdaq moved down as well, losing -0.37 percent to end at 3,031.45 while the S&P also fell, -0.41 percent, to close at 1385.14. The Yahoo! Finance Manufactured Housing Composite fell 2.75 percent to close at 1029.0. Housing stocks we track closed mixed. Affiliated Managers gained the most of tracked stocks, moving up +2.04 percent, +2.25, to end the trading day at 112.76. Cavco Corp. fell the most of stocks we track, dropping -5.81 percent, -2.74, to close at 44.45. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 119,750 -1,560.00 (-1.29%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 27.28 -0.40 (-1.45%). Equity Lifestyle Properties 67.28 +0.10 (+0.15%). Louisiana Pacific Corp. 8.17 -0.20 (-2.39%). Nobility Homes 7.55 -0.19 (-2.45). Patrick Industries 9.18 -0.03 (-0.33%). Skyline Corp. 6.02 -0.26 (-4.14%). Sun Communities 41.76 -0.10 (-0.24%). Third Avenue Value Fund (4-17) 45.46 +0.43 (+0.95%). UMH Properties 11.51 -0.02 (-0.17%). Universal Forest Product 33.02 +0.61 (+1.89%).

Graphic credit: CNNMoney and RealTick)