CNNMoney said “Thank You, Janet Yellen“ after the Federal Reserve’s president announced interest rates will not rise following the Fed’s two day meeting, causing the three major indexes to surge. The Dow Jones Industrial Average shot up +227.11, +1.27 percent to end over 18k at 18,076.19. The NASDAQ gained 45.39 points, +0.92 percent to finish at 4,982.83, while the S&P 500 gained +25.22 points, +1.22 percent to close at 2,099.50.
The Yahoo! Finance Manufactured Housing Composite Value did not feel the joy as it slipped slightly, -0.44%, to end the day at 614.1, while stocks we cover related to the manufactured housing industry closed mostly up. Nobility Homes gained the most +4.88 percent, followed by Cavco with a +2.97 percent gain. None of the tracked stocks lost over -0.69 percent.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $216.42 +3.61 (+1.70%)
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers +$219,699 +1,099. (+0.50%).
Carlyle Group (NASDAQ:CG) $26.19 -0.135 (-0.51%).
Cavco Industries, Inc. (NASDAQ:CVCO) $71.51 +2.06 (+2.97%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.53 0.00% (0.00%).
Drew Industries, Inc. (NYSE:DW) $62.70 +0.78 (+1.26%)
Equity LifeStyle Properties, Inc. (NYSE:ELS) $56.64 +1.17 (+2.12%).
Killam Properties Inc. (TSE:KMP) $10.89 +0.03 (0.28%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $15.83 -0.11 (-0.69%).
Nobility Homes Inc. (OTCMKTS:NOBH) $10.75 +0.50 (4.88%).
Patrick Industries, Inc. (NASDAQ:PATK) $61.01 +0.36 (+0.59%).
Skyline Corporation (NYSEMKT:SKY) $3.59 +0.05 (+1.41%).
Sun Communities Inc. (NYSE:SUI) $68.15 +0.26 (+0.41%).
Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 30) $56.59 -0.07 (-0.12%).
UMH Properties, Inc. (NYSE:UMH) 9.92 0.25 (+2.59%).
Universal Forest Products, Inc (NYSE:UFPI) $53.13 +0.42 (+0.79%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.