In the news from CNNMoney: Al Jazeera America to shut down in April. Provo, Utah’s unemployment rate is 2.7 percent, and its 5.2 employment percent growth far outpaces the national average of 1.9 percent. Dow drops as oil plunges and concerns about China remain. St Louis Rams returning to Los Angeles—NFL team owner is a real estate billionaire, married to Ann Walton of Walmart family. Gold prices may spike 30 percent.
On the Big Board:
The Dow Jones Industrial Average fell back to its ways of last week, -2.21 percent, -364.81 points, to end at 16,151.41.
The NASDAQ dropped sharply, more than the other two major indices, -3.41 percent, losing -159.85 points, to end the day at 4,526.07.
The S&P 500 similarly lost, -2.50 percent, -48.40 points, to finish at 1,890.28.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell sharply, losing -2.59 percent to finish at $1079.1. Tracked stocks we follow closed mixed or even. Nobility Homes gains sharply, +14.29 percent, +1.75 points to close at $14.00. Patrick Industries fell the most, -9.82 percent, -3.65 points, to end at $33.52. Additionally, Carlyle Group lost -7.11 percent, and Drew dropped -4.05 percent.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $131.16 -5.21 (-3.82%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $190,500 -2.561.00 (-1.33%).
Carlyle Group (NASDAQ:CG) $12.45 -0.95 (-7.11%).
Cavco Industries, Inc. (NASDAQ:CVCO) $81.24 -1.03 (-1.26%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.68 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $53.76 -2.27 (-4.05%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $65.29 -0.44 (-0.67%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.07 -0.49 (-2.96%).
Nobility Homes Inc. (OTCMKTS:NOBH) $14.00 +1.75 (+14.29%)
Patrick Industries, Inc. (NASDAQ:PATK) $33.52 -3.65 (-9.82%).
Skyline Corporation (NYSE:SKY) $3.75 -0.05 (-1.32%).
Sun Communities Inc. (NYSE:SUI) $67.19 -0.72 (-1.06%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $44.09 -0.84 (-1.87%).
UMH Properties, Inc. (NYSE:UMH) $9.40 -0.27 (-2.79%).
Universal Forest Properties, Inc. (NYSE:UFPI) $64.64 +0.15 (+0.23%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News –MHProNews.