In the news from CNNMoney: Ben Bernanke is no fan of Bernie Sanders, and the feeling is mutual. Manufacturing giant 3M cuts 1,500 jobs. Skechers is winning the sneakers war. 401K contributions will remain at $18,000 for next year. Obama administration interested in helping Puerto Rico with its $72 billion debt, the same as it would do for the states, but Congress does not share this interest.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +1.55 percent to close at 1042.8. Manufactured housing related stocks we cover mostly closed up, several gaining three figures, or even, , but Affiliated Managers Group rose the most, +4.82 percent to close at $176.88. Equity LifeStyle Properties is the only stock we track that dropped, losing -0.03 percent to end the day at $61.70.
On the Big Board:
The Dow Jones Industrial Average surged, gaining +1.87 percent, +320.55 points, to end the day at 17,489.16.
The NASDAQ gained sharply, +1.65 percent, +79.93 points, to end at 4,920.05.
The S&P 500 advanced +1.66 percent, +33.57 points, to close at 2,052.51.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $176.88 +8.13 (+4.82%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $206,020 +6,120.00 (+3.06%).
Carlyle Group (NASDAQ:CG) $18.82 +0.03 (+0.16%).
Cavco Industries, Inc. (NASDAQ:CVCO) $78.76 +1.76 (+2.29%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00 (0.00 %).
Drew Industries, Inc. (NYSE:DW) $59.80 +0.49 (+0.83%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $61.70 -0.02 (-0.03%).
Killam Properties Inc. (TSE:KMP) $10.52 +0.04 (+0.38%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $17.51 +0.57 (+3.36%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.85 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $45.35 +0.25 (+0.55%).
Skyline Corporation (NYSE:SKY) $3.22 +0.07 (+2.22%).
Sun Communities Inc. (NYSE:SUI) $70.47 +0.32 (+0.46%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $52.93 -0.07 (-0.13%).
UMH Properties, Inc. (NYSE:UMH) $10.51 +0.24 (+2.34%).
Universal Forest Products, Inc. (NYSE:UFPI) $73.81 +2.18 (+3.04%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily business News-MHProNews.