In the news from CNNMoney: All day breakfast fills McDonald’s bottom line. San Francisco’s Yellow Cab files for bankruptcy. Iran wants to acquire 500 planes and resume flights to U. S. Shake Shack’s CEO continues to eat Chipotle’s burritos. Hong Kong has the least affordable housing in the world. Oil company defaults skyrocket 2,100 percent. After rising at the end of last week from $27/bbl, oil fell back to $31/bbl. Blizzard to cost $3 billion. JPMorgan Chase posts quarterly profit of $5.4 billion.
On the Big Board:
The Dow Jones Industrial Average dropped -1.29 percent, -208.29 points, to end the first day of the week at 15,885.52, falling below the 16k mark again.
The NASDAQ fell the most of the three major indices, -1.58 percent, -72.69 points, to end the day at 4,518.49.
The S&P 500 similarly fell sharply, -1.56 percent, -29.82 points, to finish at 1,877.08.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -1.91 percent to finish at $1060.2. Nearly all tracked stocks we follow fell, or remained even. Third Avenue Value Instl advanced the most +2.67 percent, +1.14 points to close at $43.90. Deer Valley dropped sharply, -11.76 percent, -0.08, to end the day at $0.60
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $128.18 -6.35 (-4.72%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $187,001 -2,454.00 (-1.30%).
Carlyle Group (NASDAQ:CG) $12.95 -0.60 (-4.41%).
Cavco Industries, Inc. (NASDAQ:CVCO) $78.25 -1.89 (-2.35%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.60 -0.08 (-11.76%).
Drew Industries, Inc. (NYSE:DW) $54.99 -0.74 (-1.33%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $67.27 +0.27 (+0.40%).
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) $15.04 -0.74 (-4.69%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.75 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $32.80 -2.14 (-6.12%).
Skyline Corporation (NYSE:SKY) $4.53 -0.10 (-2.16%).
Sun Communities Inc. (NYSE:SUI) $66.88 -0.45 (-0.67%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $43.90 +1.14 (+2.67%). (Jan. 22)
UMH Properties, Inc. (NYSE:UMH) $9.49 -0.27 (-2.77%).
Universal Forest Properties, Inc. (NYSE:UFPI) $64.63 -2.63 (-3.91%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.