In the news from CNNMoney: Chesapeake Energy denies bankruptcy rumors. 4,279 U. S. citizens cut their official ties to U. S., up 20% over last year. Citigroup says fear the ‘oilmageddon’ recession. Gas is near $1 dollar in some markets. India ignores global slowdown, economy grows 7.3 percent. Economics professor says economy would soar under Bernie Sanders’ proposals. Flint crisis creating bull market for water stocks. Super Bowl draws third largest viewing audience ever.
On the Big Board:
The Dow Jones Industrial Average fell -1.10 percent, -177.92 points, to close at 16,027.05.
The NASDAQ dropped more than the other two major indices, -1.82 percent, -79.39 points to end at 4,283.75.
The S&P 500 lost -1.42 percent, -26.61 points, to finish at 1,853. 44
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) slipped -0.02 percent to finish at 884. MH-related stocks we follow closed mixed or even. Deer Valley Corp. skyrocketed +23.53 percent, +0.12 points, to end at $0.63. Carlyle Group dropped more than other stocks, –5.64 percent, -0.72 points to close at $12.05.
Affiliated Managers Group, Inc. (NYSE: AMG) $120.36 -4.39 (-3.52%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $191,255 +435.00 (+0.23%).
Carlyle Group (NASDAQ:CG) $12.05 -0.72 (-5.64%).
Cavco Industries, Inc. (NASDAQ:CVCO) $73.20 -1.21 (-1.62%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.63 +0.12 (+23.53%).
Drew Industries, Inc. (NYSE:DW) $54.97 -0.34 (-0.61%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $64.36 -1.84 (-2.78%).
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) $14.35 -0.47 (-3.17%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.15 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $32.24 -0.37 (-1.15%).
Skyline Corporation (NYSE:SKY) $4.06 +0.0401(+1.00%).
Sun Communities Inc. (NYSE:SUI) $64.64 -1.33 (-2.02%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $42.75 -0.91 (-2.08%).
UMH Properties, Inc. (NYSE:UMH) $9.24 +0.09 (+0.98%).
Universal Forest Properties, Inc. (NYSE:UFPI) $61.50 -0.66 (-1.06%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.