In the news from CNNMoney: Dow is now down 1,451 points on the year. Bookstores record first rise in sales since 2007. Oil spikes 12 percent in largest gain since 2009. Trump claims he will bring jobs back from China and Mexico. JPMorgan Chase CEO Jamie Dimon plunked down $26.6 million of his own money to buy back company stock. European growth holds steady. Illinois University forced to lay off 200 employees.
On the Big Board:
The Dow Jones Industrial Average spiked +2.00 percent, +313.66 points, to close at 15,973.84.
The NASDAQ advanced +1.66 percent, +70.67 points to finish the week at 4,337.51
The S&P 500 also gained +1.95 percent, +35.70 points, to end the week at 1,864.78.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) rose strongly +5.80 percent to finish at 912.5. All except one MH-related stock closed up or even. Carlyle Group gained +10.29 percent, +1.20 points to close at 12.91. UMH was the only stock we cover trading today that fell, -0.11 percent, -0.01 points to close at $9.21.
Affiliated Managers Group, Inc. (NYSE: AMG) $124.2 +6.62 (+5.62%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $193,999 +3,999.00 (+2.10%).
Carlyle Group (NASDAQ:CG) $12.91 +1.20 (+10.29%).
Cavco Industries, Inc. (NASDAQ:CVCO) $76.82 +4.96 (+6.90%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.63 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $58.00 +1.15 (+2.02%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $66.03 +0.33 (+0.50%).
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) $14.42 +0.64 (+4.64%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.15 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $32.43 +0.51 (+1.60%).
Skyline Corporation (NYSE:SKY) $4.01 +0.05 (+1.26%).
Sun Communities Inc. (NYSE:SUI) $64.88 +0.95 (+1.49%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $41.51 +1.06 (+2.62%).
UMH Properties, Inc. (NYSE:UMH) $9.21 -0.01 (-0.11%).
Universal Forest Properties, Inc. (NYSE:UFPI) $61.91 +0.87 (+1.43%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.