In the news from CNNMoney: Lower fuel costs send airline profits skyrocketing. It has been nine-and-a-half years since the Federal Reserve last raised interest rates.—June 29, 2006. One source estimates there are 71,000 people in the West—North America, Europe and Australia—who may be “prone to radicalize.” Some analysts say the junk bond crisis may start another 2008. Big holiday seller is the laser device that you insert into your front yard and it projects thousands of tiny stars on to your house that look like lights.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) went in the opposite direction of the Dow, falling -0.73 percent to close at 1090.7. Tracked stocks mostly closed up, but Affiliated Managers Group, reversing two days of significant losses, totaling nearly 13 percent, regained +5.71 percent to close at $152.24. Skyline Corp. fell more than other MH-related stocks, -2.10 to close at $2.80.
On the Big Board:
The Dow Jones Industrial Average advanced +0.90 percent, gaining +156.41 points, to end the day at 17,524.91.
The NASDAQ moved up +0.87 percent, +43.13 points, to finish the day at 4,995.36.
The S&P 500 gained +1.06 percent, more than the other two indices, +21.47 points, to close at 2,043.41.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $152.24 +8.23 (+5.71%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $202,440 +4.400. (+2.22%).
Carlyle Group (NASDAQ:CG) $15.69 +0.52 (+3.43%).
Cavco Industries, Inc. (NASDAQ:CVCO) $81.99 +0.52 (+0.64%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.75 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $59.43 +1.40 (+2.41%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $63.60 +0.78 (+1.24%).
Killam Properties Inc. (TSE:KMP) $10.40 +0.05 (+0.48%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.57 +0.10 (+0.60%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.10 0.00 (0.00%
Patrick Industries, Inc. (NASDAQ:PATK) $40.09 -0.15 (-0.37%).
Skyline Corporation (NYSE:SKY) $2.80 -0.06 (-2.10%).
Sun Communities Inc. (NYSE:SUI) $67.90 +0.60 (+0.89%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $47.90 +0.58 (+1.23 %).
UMH Properties, Inc. (NYSE:UMH) $9.95 +0.41 (+4.30%).
Universal Forest Properties, Inc. (NYSE:UFPI) 71.08 +0.99 (+1.41%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.