In the news from CNNMoney: Oil rises to $48.53/bbl, highest in one month. Venezuela’s currency down 379% since Jan., costing Pepsi $1.4 billion. Prominent bond fund manager Bill Gross says capitalism cannot survive at zero percent. Bermuda, Cayman Islands, and British Virgin Islands are three of the largest tax havens for U. S. companies, shielding $155 billion in 2010—the GDP of those three companies was $10 billion that year.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) lost -2.13 percent to close at 913.8. Most manufactured housing related stocks we cover closed down, or even, but Louisiana Pacific Corp. gained more than other covered stocks, +2.26 percent to close at $15.86, following yesterday’s gain of over five percent. Cavco Industries fell more than other stocks we cover, -3.35 percent.
On the Big Board:
The Dow Jones Industrial Average nudged up +0.08 percent, +13.76 points, to end the day at 16,790.19
The NASDAQ slipped -0.69 percent, -32.90 points, to end at 4,748.36.
The S&P 500 edged down -0.36 percent, -7.13 points, to close at 1,979.92.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $174.07 -0.26 (-0.15%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $196,720 -1,841.00 (-0.93%).
Carlyle Group (NASDAQ:CG) $18.43 +0.015 (+0.08%).
Cavco Industries, Inc. (NASDAQ:CVCO) $70.42 -2.59 (-3.35%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00 (0.00 %).
Drew Industries, Inc. (NYSE:DW) $54.79 -0.67 (-1.21%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $59.45 -0.96 (-1.59%).
Killam Properties Inc. (TSE:KMP) $9.97 -0.06 (-0.60%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $15.86 +0.35 (+2.26%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.00 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $40.92 -0.07 (-0.17%).
Skyline Corporation (NYSE:SKY) $2.72 -0.09 (-3.20%).
Sun Communities Inc. (NYSE:SUI) $67.39 -1.08 (-1.58%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $51.82 +1.17 (+2.31%).
UMH Properties, Inc. (NYSE:UMH) $9.60 -0.05 (-0.52%).
Universal Forest Products, Inc. (NYSE:UFPI) $58.26 -1.01 (-1.70%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.