In the news from CNNMoney: U. S. exports drop for first time since Great Recession. Chinese group buying Chicago Stock Exchange. Berkshire Hathaway spends $964 million to increase share of Phillips 66 stock to 14 percent of all shares. Unemployment falls to 4.9 percent, lowest in eight years. Key Fed official says U. S. economy is still strong economy. Used shipping containers converted to hydroponic farming.
On the Big Board:
The Dow Jones Industrial Average fell -1.29 percent, -211.75 points, to close at 16,204.83.
The NASDAQ plunged -3.25 percent, -146.42 points to end at 4,363.14.
The S&P 500 dropped -1.85 percent, -35.43 points, to finish at 1,880.02.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) dropped -5.26 percent to finish at 884.2. All except one MH-related stocks we follow closed down or even. Third Avenue Institutional edged up +0.67 percent, +0.29 points, to end at $43.62. Cavco Industries dropped more than other stocks, –5.38 percent, -4.23 points to close at $74.40.
Affiliated Managers Group, Inc. (NYSE: AMG) $124.75 -3.91 (-3.04%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $190,820 -1,380.00 (-0.72%).
Carlyle Group (NASDAQ:CG) $12.77 -0.01 (-0.08%).
Cavco Industries, Inc. (NASDAQ:CVCO) $74.40 -4.23 (-5.38%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.51 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $55.31 -1.19 (-2.11%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $66.30 -0.79 (-1.04%).
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) $15.27 -0.47 (-2.80%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.15 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $32.61 -1.19 (-3.52%).
Skyline Corporation (NYSE:SKY) $4.02 -0.1801 (-4.29%).
Sun Communities Inc. (NYSE:SUI) $66.25 -1.32 (-1.95%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $43.62 +0.29 (+0.67%).
UMH Properties, Inc. (NYSE:UMH) $9.15 -0.07 (-0.76%).
Universal Forest Properties, Inc. (NYSE:UFPI) $62.16 -1.54 (-2.42%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.