In the news from CNNMoney: Court refuses to dismiss Trump University fraud case. Despite job and income growth in the U. S, confidence in the economy wanes. AAA says 75 percent of drivers are afraid of self driving cars, especially after a Google car hits a bus. U. S. in longest manufacturing recession since 2009. NYSE owner may bid for London Stock Exchange. Aetna CEO supports Obamacare despite losses. Rolling Stones to perform free concert in Cuba.
On the Big Board: The Bulls are roaring.
The Dow Jones Industrial Average spiked +2.11 percent, +348.58 points to end the day at 16,865.08.
The NASDAQ gained more than the other 2 indices, +2.89 percent, +131.65 points to close at 4,689.60
The S&P 500 also advanced, +2.39 percent, +46.12 points, to end at 1,978.35.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +2.36 percent to finish at 1088.1. All except two active MH-related stocks closed up or even in today’s trading. Affiliated Managers Group and Louisiana Pacific Corp. both gained the most, +3.96 percent. AMG gained 5.49 points to end the day at $144.18, while LPX advanced +0.63 to close at $16.52. Patrick Industries lost the most of active tracked stocks, -0.81 percent, -0.36 points to close at 43.83.
Affiliated Managers Group, Inc. (NYSE: AMG) $144.18 +5.49 (+3.96%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $205,500 +2,945.00. (+1.45%).
Carlyle Group (NASDAQ:CG) $15.80 +0.37 (+2.42%).
Cavco Industries, Inc. (NASDAQ:CVCO) $83.79 +2.80 (+3.26%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.69 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $60.64 +0.45 (+0.75%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $71.57 +1.41 (+2.01%).
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) $16.52 +0.63 (+3.96%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.00 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $43.83 -0.36 (-0.81%).
Skyline Corporation (NYSE:SKY) $4.14 +0.11 (+2.73%).
Sun Communities Inc. (NYSE:SUI) $69.23 +1.70 (+2.52%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $43.54 -0.31 (-0.71%).
UMH Properties, Inc. (NYSE:UMH) $9.53 +0.14 (+1.49%).
Universal Forest Properties, Inc. (NYSE:UFPI) $78.39 +1.67 (+2.18%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.