Oil selling on the world market for $83 a barrel is bad news for Iran, Nigeria, Russia, Venezuela and Saudi Arabia, who all depend on oil selling above a certain level. Iran’s budget, reports CNNMoney, is based on oil at $135 a barrel, while the Saudis can withstand oil at $95 a barrel, although as MHProNews reported Oct. 28, the Saudis say they have enough resources to last for nearly eight years at $83 a barrel. Meanwhile, positive corporate returns pushed the Dow to gain over 200 points, even as QE was ended by the FED.
Dow Jones Industrial Average 17,195.42 +221.11 (+1.30%).
Nasdaq 4,566.14 +16.91 (+0.37%).
S&P 500 1,994.65 +12.35 (+0.62%).
The Yahoo! Finance Manufactured Housing Composite Value: 563.1 Today’s Change: +0.81%.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $196.96 -0.03 (-0.02%)
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $209,031.00 -570. (-0.27%).
Carlyle Group (NASDAQ:CG) $27.55 -1.11 (-3.38%).
Cavco Industries, Inc. (NASDAQ:CVCO) $72.46 -0.35 (-0.33%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00% (0.00% Oct 9th).
Drew Industries, Inc. (NYSE:DW) $47.63 +0.96 (+2.06%)
Equity LifeStyle Properties, Inc. (NYSE:ELS) $48.06 +0.47 (+0.99%).
Killam Properties Inc. (TSE:KMP) $10.83 0.00 (0.00%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.12 -0.03 (-20.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $14.27 0.00 (0.00%).
Nobility Homes Inc. (OTCMKTS:NOBH) $10.25 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $40.95 +0.17 (+0.42%).
Skyline Corporation (NYSEMKT:SKY) $3.80 +0.02 (+0.53%).
Sun Communities Inc. (NYSE:SUI) $55.84 +1.44 (+2.65%).
Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 29) $58.99 +0.07 (+0.12%).
UMH Properties, Inc. (NYSE:UMH) $9.98 +0.17 (+1.73%).
Universal Forest Products, Inc (NYSE:UFPI) $49.92 +0.46 (+0.93%). ##
(Graphic credit: CNNMoney.com)
(Submitted by Matthew J. Silver to Daily Business News-MHProNews)