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Home > Business, News Item, Stocks > Dow Plunges Nearly 400 Points; MHCV Drops Two Percent

Dow Plunges Nearly 400 Points; MHCV Drops Two Percent

January 15th, 2016

stock_report_Jan_15In the news from CNNMoney: China’s Haier acquires GE’s appliance unit for $5.4 billion. Oregon governor wants minimum wage hikes. ATM and overdraft fees top $6 billion. Walmart will close 269 stores, about two percent of its total. Couple from Munford, Tennessee one of three winners of history-making Powerball. Robots will be performing 45 percent of manufacturing tasks by 2025, compared to ten percent now. Oil is now down below $30/bbl. Consumer Price Index rises 2.2 percent.

On the Big Board:

The Dow Jones Industrial Average plunged -2.39 percent, -390.97 points, to end at 15,988.08.

The NASDAQ lost more than the other two major indices, plummeting -2.74 percent, falling 126.58 points, to end the week at 4,488.42

The S&P 500 similarly dropped sharply -2.16 percent, -41.51 points, to finish at 1,880.83.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) dropped two percent to finish at $1063.6. Tracked stocks we follow closed mixed or even. Skyline Corp. gained sharply for the second consecutive day, +13.50 percent, +0.50 points to close at $4.66. Nobility Homes dropped sharply, -13.43 percent, -1.88 points, to end the week at $12.12.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $127.08 -4.74 (-3.62%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $190,000 -2,250.00 (-1.17%).

Carlyle Group (NASDAQ:CG) $13.28 -0.15 (-1.12%).

Cavco Industries, Inc. (NASDAQ:CVCO) $78.66 -0.93 (-1.18%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.68 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $52.85 -0.49 (-0.92%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $64.41 -0.40 (-0.61%).

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) $15.69 -0.35 (-2.21%).

Nobility Homes Inc. (OTCMKTS:NOBH) $12.12 -1.88 (-13.43%)

Patrick Industries, Inc. (NASDAQ:PATK) $33.76 -0.73 (-1.92%).

Skyline Corporation (NYSE:SKY) $4.66 +0.50 (+13.50%).

Sun Communities Inc. (NYSE:SUI) $66.06 -0.74 (-1.11%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $44.58 +0.49 (+1.11%).

UMH Properties, Inc. (NYSE:UMH) $9.29 -0.08 (-0.85%).

Universal Forest Properties, Inc. (NYSE:UFPI) $66.64 +0.94 (+1.43%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.


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