In the news from CNNMoney: Mexican peso drops to lowest value ever versus the dollar. Barclays employs 51 % women, 49 % men. AmEx stock down 20% this year, nearly 25% last year. Oil spikes 23% in two days to $32/bbl, spurring the stock market, while oil company defaults are skyrocketing. Wall Street bonuses are down. Apple CEO Tim Cook meets with Pope Francis.
On the Big Board:
The Dow Jones Industrial Average advanced strongly +1.33 percent, +210.83 points, to end the week at 16,093.51, moving back across the 16k mark.
The NASDAQ gained the most of the three major indices, +2.66 percent, +119.12 points, to end the day at 4,591.18.
The S&P 500 similarly rose sharply, + 2.03 percent, +37.91 points, to finish at 1,906.90.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) rose +2.95 percent to finish at $1080.8. Nearly all tracked stocks we follow advanced sharply, or remained even. Carlyle Group advanced the most +6.69 percent, +0.85 points to close at $13.55. Several stocks registered strong upward movement—Patrick gained +5.81 percent, Louisiana Pacific advanced +4.78 percent, and Skyline moved up +4.04 percent.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $130.80 +3.36 (+3.29%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $191,396 +1,941.00 (+1.02%).
Carlyle Group (NASDAQ:CG) $13.55 +0.85 (+6.69%).
Cavco Industries, Inc. (NASDAQ:CVCO) $80.16 +2.17 (+2.79%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.68 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $55.73 +1.45 (+2.67%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $67.00 +2.11 (+3.25%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $15.78 +0.72 (+4.78%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.75 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $34.94 +1.92 (+5.81%).
Skyline Corporation (NYSE:SKY) $4.63 +0.18 (+4.04%).
Sun Communities Inc. (NYSE:SUI) $67.33 +1.53 (+2.33%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $43.90 +1.14 (+2.67%).
UMH Properties, Inc. (NYSE:UMH) $9.76 +0.15 (+1.56%).
Universal Forest Properties, Inc. (NYSE:UFPI) $67.27 +2.33 (+3.59%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.