In the news from CNNMoney: If the economy stays on course, the Fed may raise interest rates this summer. T. J. Maxx to open thousands of new stores. Trump says there’s a tech bubble. $65 billion merger rolls Time Warner and Brighthouse into Charter cable company. Google takes on Siri and Echo with “Home” and an assistant. Golden age of fat fees and superior returns is over for hedge funds. Japan’s economy avoids recession. Target sales miss market. U. S. hikes tariffs on Chinese steel to over 500%.
On the Big Board:
The Dow Jones Industrial Average slipped -0.02 percent, -3.36 points, to end the day at 17,526.62.
The NASDAQ edged up +0.50 percent, +23.39 points to close at 4,739.12.
The S&P 500 nudged up +0.02 percent, +0.42 points, to close at 2,047.63.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +1.05 percent to finish at 1356.3. Active MH-related stocks closed mixed, although Patrick Industries gained +2.60 percent, +1.26 points, to end the day at $49.68. Skyline Corp. dropped more than other tracked stocks, -1.71 percent, -0.16 points, to end the day at $9.19.
Affiliated Managers Group, Inc. (NYSE: AMG) $165.22 +2.71 (+1.67%)
Berkshire Hathaway Inc. (NYSE:BRKA) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers 212,200. +1,505. (+0.71%).
Carlyle Group (NASDAQ:CG) $16.43 +0.18 (+1.11%).
Cavco Industries, Inc. (NASDAQ:CVCO) $94.20 +0.25 (+0.27%).
Deer Valley Corporation (OTCMKTS:DVLY) $ 0.65 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $73.03 +0.08 (+0.11%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $72.57 -0.08 (-0.11%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)
Louisiana-Pacific Corporation (NYSE:LPX) $17.73 -0.10 (-0.56%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.25 0.00 (0.00%)
Northstar Realty Finance Corp. (NYSE:NRF) $13.14 -0.15 (-1.13%)
Patrick Industries, Inc. (NASDAQ:PATK) $49.68 +1.26 (+2.60%).
Skyline Corporation (NYSE:SKY) $9.19 -0.16 (-1.71%).
Sun Communities Inc. (NYSE:SUI) $69.31 -0.72 (-1.03%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $49.09 -0.10 (-0.20%).
UMH Properties, Inc. (NYSE:UMH) $9.68 0.00 (0.00%).
Universal Forest Properties, Inc. (NYSE:UFPI) $80.09 +0.32 (+0.40%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.