In the news from CNNMoney: Fed sees more downside risks to U. S. economy. Oil rallies as Iran agrees to freeze production. Jaguar unveils 200 MPH car, 0 to 60 in 3.5 seconds. Warren Buffett betting big on oil stocks. Bombardier cutting nearly 10 percent of work force. 1.2 billion consumers in India drawing attention of Gulf states. New Delhi has dirtiest air in the world.
On the Big Board:
The Dow Jones Industrial Average advanced +1.59 percent–an increase of just under three percent in two days– +257.42 points, to close at 16,453.83.
The NASDAQ gained more than the other major indices, +2.21 percent, +98.11 points to finish at 4,534.07.
The S&P 500 also moved up, +1.65 percent, +31.24 points, to end the day at 1,926.82.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) rose +1.19 percent to finish at 1073.6. All but two MH-related stocks closed up or even, some making substantial gains. Deer Valley gained the most, +9.52 percent, +0.06 points to close at 0.69. Carlyle Group gained +7.72 percent, Patrick advanced +5.88 percent, Louisiana Pacific gained +4.78 percent. Skyline lost the most of tracked stocks, -2.68 percent, -0.11, to close at 4.00.
Affiliated Managers Group, Inc. (NYSE: AMG) $130.60 +3.98 (+3.14%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $195,903 +2,438.00 (+1.26%).
Carlyle Group (NASDAQ:CG) $14.45 +1.03 (+7.72%).
Cavco Industries, Inc. (NASDAQ:CVCO) $79.57 +1.09 (+1.39%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.69 +0.06 (+9.52%).
Drew Industries, Inc. (NYSE:DW) $59.25 +0.37 (+0.63%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $67.77 +0.35 (+0.52%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%). (Dec.31)
Louisiana-Pacific Corporation (NYSE:LPX) $15.34 +0.70 (+4.78%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.00 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $36.19 +2.01 (+5.88%).
Skyline Corporation (NYSE:SKY) $4.00 -0.11 (-2.68%).
Sun Communities Inc. (NYSE:SUI) $65.88 +0.02 (+0.03%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $42.42 +0.91 (+2.19%).
UMH Properties, Inc. (NYSE:UMH) $9.28 -0.04 (-0.43%).
Universal Forest Properties, Inc. (NYSE:UFPI) $64.09 +1.88 (+3.02%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.