In the news from CNNMoney: China’s currency is at five-year low. Five scammers arrested in IRS impersonation scheme. Jury convicts man for $17 million arms deal with Colombian terrorists, despite claims of ties to CIA. Will Congress compel Donald Trump to release his taxes. The housing market is one strong force in an economy that is often squishy. The SEC is investigating Alibaba. GoPro surges after Red Bull invests in it. TSA is hiring 700+ more screeners by June, following three-hour waits at some airports.
On the Big Board:
The Dow Jones Industrial Average gained +0.82 percent, +145.46 points, to end the day at 17,851.51.
The NASDAQ gained +0.70 percent, +33,83 points to close at 4,894.89.
The S&P 500 advanced +0.70 percent, +14.48 points, to close at 2,090.54.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +0.04 percent to finish at 1391.8. Active MH-related stocks closed mixed, or even. Northstar Realty Finance advanced the most, gaining +4.45 percent, +0.56 points, to close at $13.15. UMH Properties slipped the most of tracked stocks, -1.01 percent, -0.10 points, to end the day at $9.78.
Affiliated Managers Group, Inc. (NYSE: AMG) $171.64 +0.98 (+0.57%)
Berkshire Hathaway Inc. (NYSE:BRKA) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers 215,185 +535. (+0.25%).
Carlyle Group (NASDAQ:CG) $16.59 +0.08 (+0.48%).
Cavco Industries, Inc. (NASDAQ:CVCO) $94.90 -0.85 (-0.89%).
Deer Valley Corporation (OTCMKTS:DVLY) $ 0.65 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $76.20 +0.31 (+0.41%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $72.68 -0.46 (-0.63%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)
Louisiana-Pacific Corporation (NYSE:LPX) $17.92 -0.03 (-0.17%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.25 0.00 (0.00%)
Northstar Realty Finance Corp. (NYSE:NRF) $13.15 +0.56 (+4.45%)
Patrick Industries, Inc. (NASDAQ:PATK) $52.64 -0.31 (-0.59%).
Skyline Corporation (NYSE:SKY) $9.72 +0.38 (+4.07%).
Sun Communities Inc. (NYSE:SUI) $69.44 -0.18 (-0.26%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $50.25 +0.83 (+1.68%).
UMH Properties, Inc. (NYSE:UMH) $9.78 -0.10 (-1.01%).
Universal Forest Properties, Inc. (NYSE:UFPI) $83.69 -0.13 (-0.16%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.