In the news from CNNMoney: The U. S. may lift its 40-year ban on exporting oil. China has spent $236 billion on its stock market bailout. U. S. economy adds high-paying jobs. Milk is cheaper than water in Europe. The typical driver in the U. S. is saving $50 a month for gasoline. Millions of Syrian refugees have poured into Lebanon and Jordan, straining their economies.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) advanced +3.20 percent to close at 938.4. All but two of the manufactured housing related stocks we cover advanced, or remained even, to end the first day after the Labor Day holiday. Affiliated Managers Group gained the most of tracked stocks, +3.91 percent in today’s trading, to finish the day at 180.00. Third Avenue slipped the most of stocks we follow, -1.51 percent, to end the day at $50.76.
On the Big Board:
The Dow Jones Industrial Average advanced sharply +2.42 percent, +390.30 points, to end the day at 16,492.68.
The NASDAQ also moved up, gaining +2.73 percent, 128.01 points to close at 4,811.93.
The S&P 500 gained +2.51 percent, +48.19 points, to finish at 1,969.41.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $180.00 +6.75 (+3.91%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $200,600.00 +4,099.00 (+2.09%).
Carlyle Group (NASDAQ:CG) $20.91 +0.74 (+3.67%).
Cavco Industries, Inc. (NASDAQ:CVCO) $72.08 +1.95 (+2.88%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $55.27 +1.09 (+2.01%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $55.06 +0.37 (+0.68%).
Killam Properties Inc. (TSE:KMP) $10.02 +0.07(+0.70%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.50 +0.19 (+1.16%).
Nobility Homes Inc. (OTCMKTS:NOBH) $10.20 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $44.89 +0.64 (+1.45%).
Skyline Corporation (NYSE:SKY) $3.26 -0.01 (-0.34%).
Sun Communities Inc. (NYSE:SUI) $64.10 +0.86 (+1.36%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $50.76 -0.78 (-1.51%).
UMH Properties, Inc. (NYSE:UMH) $9.20 0.00 (0.00%).
Universal Forest Products, Inc. (NYSE:UFPI) $60.96 +0.80 (+1.33%). ##
(Graphic credit:CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.