In the news from CNNMoney: Morgan Stanley says there is a 20 percent chance of a recession in 2016. Warren Buffett to appear on Celebrity Apprentice. Due to the oil crunch, Azerbaijan may need an international bailout. Wages fell in 80 of the country’s largest 100 cities during the recent recovery. Iran selling oil to France and buying 118 Airbus planes.
On the Big Board:
The Dow Jones Industrial Average gained +0.79 percent, +125.18 points, ending above 16k at 16,069.64.
The NASDAQ gained more than the other two major indices, +0.89 percent, +38.51 points to end at 4,506.68.
The S&P 500 advanced +0.55 percent, +10.41 points, to finish at 1,893.36.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -0.99 percent to finish at $977.1. MH-related stocks we follow closed mixed or even. Universal Forest Products, Inc. gained more than other tracked stocks, edging up +1.83 percent, +$1.19, to close at $66.10. Affiliated Managers Group fell more than other tracked stocks, -1.77 percent, losing -2.32 to end the day at $128.78.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $128.78 -2.32 (-1.77%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $188,300 -791.00 (-0.42%).
Carlyle Group (NASDAQ:CG) $13.22 +0.12 (+0.86%).
Cavco Industries, Inc. (NASDAQ:CVCO) $80.03 +0.82 (+1.04%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.58 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $54.52 -0.90 (-1.62%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $63.80 -0.90 (-1.39%).
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) $15.24 +0.08 (+0.53%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.75 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $33.52 +0.04 (+0.12%).
Skyline Corporation (NYSE:SKY) $4.35 0.00 (0.00%).
Sun Communities Inc. (NYSE:SUI) $64.72 -0.99 (-1.51%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $43.64 +0.10 (+0.23%).
UMH Properties, Inc. (NYSE:UMH) $9.22 -0.03 (-0.32%).
Universal Forest Properties, Inc. (NYSE:UFPI) $66.10 +1.19 (+1.83%). ##
(Graphic credit: CNNMoney)
Article submitted b y Matthew J. Silver to Daily Business News-MHProNews.