In the news from CNNMoney: British retail magnate Sir Philip Green may lose knighthood for collapse of BHS store, resulting in $750 million loss from pension funds. Women talk abut sex more than money. Some CEOs complain higher wages are hurting corporate profits. Typical wage now is $828/wk, according to the Labor Dept., $100 more than during the depths of the Great Recession. America’s gas glut could lead to lower fuel prices. Donald Trump hosting Reddit AMA. Verizon is buying Yahoo for $4.8 billion—last year it bought AOL.
The Dow Jones Industrial Average nudged down –0.42 percent, -77.79 points, to close at 18,493.06.
The NASDAQ slipped -0.05 percent, -2.53 points to finish at 5,097.63.
The S&P 500 also edged down -0.30 percent, -6.55 points, to end the week at 2,168.48
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) edged down -0.19 percent to end at 1389.8. MH-related stocks closed mixed or even. Sun Communities and Third Avenue Value Instl. both moved up more than other stocks,+0.47 percent. Sun nudged up +0.36 points to close at 77.69, while Third Avenue edged up +0.24 points to finish at $50.93. Skyline Corp. slipped the most of active tracked stocks, -1.41 percent, -0.13 to end the day at $9.06.
Affiliated Managers Group, Inc. (NYSE: AMG) $144.40 -1.33 (-0.91%).
Berkshire Hathaway Inc. (NYSE:BRKA) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers 216,005 -800. (-0.37%).
Carlyle Group (NASDAQ:CG) $17.10 +0.03 (+0.18%).
Cavco Industries, Inc. (NASDAQ:CVCO) $100.00 -1.26 (-1.24%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.47 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $89.54 -0.97 (-1.07%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $80.83 0.00 (0.00%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)
Louisiana-Pacific Corporation (NYSE:LPX) $20.18 -0.18 (-0.88%).
Nobility Homes Inc. (OTCMKTS:NOBH) $15.50 0.00 (0.00%)
Northstar Realty Finance Corp (NYSE:NRF) $12.86 +0.05 (+0.39%)
Patrick Industries, Inc. (NASDAQ:PATK) $63.88 -0.32 (-0.50%).
Skyline Corporation (NYSE:SKY) $9.06 -0.13 (-1.41%).
Sun Communities Inc. (NYSE:SUI) $77.69 +0.36 (+0.47%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $50.93 +0.24 (+0.47%).
UMH Properties, Inc. (NYSE:UMH) $12.21 -0.10 (-0.81%).
Universal Forest Properties, Inc. (NYSE:UFPI) $105.51 +0.43 (+0.41%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J Silver to Daily Business News-MHProNews.