In the news from CNNMoney: Saudi Arabia owns $117 billion of U. S. debt. Oil bankruptcies increase despite oil’s rise in price. Warren Buffett buys a stake in Apple. Bernie Sanders says financially-strapped Puerto Rico could leave U. S. Blazing fast internet speeds just around the corner. China’s DJI leading the development of drone technology, says it will be consumer driven rather than manufacturer driven. China to buy $90 billion gold vault in London. Used plastic bottles being turned into clothes.
On the Big Board:
The Dow Jones Industrial Average gained +1.00 percent, +175.39 points, to end the day at 17,710.71.
The NASDAQ moved up +1.22 percent, +57.78 points to close at 4,775.46.
The S&P 500 advanced +0.98 percent, +20.05 points, to close at 2,066.66.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) nudged up +10.00 percent to finish at 1378.6. Active MH-related stocks closed mixed, or even, although Patrick Industries gained +2.20 percent, +1.07 points, to end the day at $49.69. Skyline fell more than other tracked stocks, -3.37 percent, -0.33 points to end the day at $9.45.
Affiliated Managers Group, Inc. (NYSE: AMG) $163.87 +0.95 (+0.58%)
Berkshire Hathaway Inc. (NYSE:BRKA) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers 212,530. +390.00 (+0.18%).
Carlyle Group (NASDAQ:CG) $15.84 +0.04 (+0.25%).
Cavco Industries, Inc. (NASDAQ:CVCO) $95.33 -0.58 (-0.60%).
Deer Valley Corporation (OTCMKTS:DVLY) $ 0.65 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $74.48 +1.12 (+1.53%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $73.73 +0.32 (+0.44%).
Killam Properties Inc. (TSE:KMP) $10.19 -0.18 (-1.74%). (Jan.6)
Louisiana-Pacific Corporation (NYSE:LPX) $18.11 -0.08 (-0.44%).
Nobility Homes Inc. (OTCMKTS:NOBH) $15.00 0.00 (0.00%)
Northstar Realty Finance Corp. (NYSE:NRF) $13.20 +0.21 (+1.62%)
Patrick Industries, Inc. (NASDAQ:PATK) $49.69 +1.07 (+2.20%).
Skyline Corporation (NYSE:SKY) $9.45 -0.33 (-3.37%).
Sun Communities Inc. (NYSE:SUI) $71.51 +0.66 (+0.93%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $48.77 -0.45 (-0.91%)
UMH Properties, Inc. (NYSE:UMH) $9.90 +0.01 (+0.10%).
Universal Forest Properties, Inc. (NYSE:UFPI) $81.65 -0.02 (-0.02%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.