In the news from CNNMoney: Amazon destroying Banes & Noble. Economy adds 211,000 jobs in October, unemployment remains at 5 percent. OPEC cannot agree about oil output. Volkswagen’s sales slipping. Australian brewer recalling one million bottles of beer. Silicon Valley nonprofit receiving funds from China.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced +1.58 percent to close at 1203.0. Despite the high rise of the three major indices, manufactured housing-related stock we cover closed mixed or even. Berkshire Hathaway gained +2.87 percent, advancing +5,699 points, to close at $204,500. Patrick Industries fell more than other MH-related stocks, -1.39 percent, to end the day at $41.96.
On the Big Board:
The Dow Jones Industrial Average spiked +2.12 percent, gaining +369.96 points, to end the week at 17,4847.63.
The NASDAQ also shot up, advancing +2.08 percent, +104.74 points, to end the week at 5,142.27.
The S&P 500 gained +2.05 percent, +42.07 points to close at 2,091.69.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $175.52 +4.87 (+2.85%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $204,500 +5,699. (+2.87%).
Carlyle Group (NASDAQ:CG) $17.33 -0.15 (-0.86%).
Cavco Industries, Inc. (NASDAQ:CVCO) $91.07 +1.82 (+2.04%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.75 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $60.52 +0.93 (+1.56%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $62.83 +1.07 (+1.73%).
Killam Properties Inc. (TSE:KMP) $10.56 0.00 (0.00%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $17.04 +0.04 (+0.24%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.20 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $41.96 -0.59 (-1.39%).
Skyline Corporation (NYSE:SKY) $3.58 -0.04 (-1.10%).
Sun Communities Inc. (NYSE:SUI) $67.38 +1.58 (+2.40%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $54.28 -0.64 (-1.17%).
UMH Properties, Inc. (NYSE:UMH) $9.67 +0.09 (+0.94%).
Universal Forest Properties, Inc. (NYSE:UFPI) 77.91 +0.92 ($1.19). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.