Dow, several MH-related Stocks Advance on news of Interest Rate Hike

stock_report_Dec_16In the news from CNNMoney: Facebook and Uber launch new partnership. Federal Reserve finally raises interest rates, minimally. Men’s Warehouse founder rents tuxedos on line. Americans saved $540 on gas this year. Stores not happy with warm December. Disney spent $4 billion on Lucasfilm and new Star Wars. 134 American earned more than $50 million last year.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) rose +3.38 percent to close at $1133.00. Tracked stocks mostly closed up, but Cavco Industries gained the most of tracked stocks, +3.99 percent, to close at $85.26. Skyline Corp. fell more than other MH-related stocks, -1.96 percent to close at $2.75.

On the Big Board:

The Dow Jones Industrial Average responded positively to interest rate hike, gaining +1.28 percent, +224.18 points, to end the day at 17,749.09.

The NASDAQ advanced +1.52 percent, +75.77 points, to finish the day at 5,071.73.

The S&P 500 gained +1.45 percent, +29.66 points, to close at 2,073.07.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $156.12 +3.88 (+2.63%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $202,019 -421.00 (-0.20%).

Carlyle Group (NASDAQ:CG) $15.67 -0.02 (-0.13%).

Cavco Industries, Inc. (NASDAQ:CVCO) $85.26 +3.27 (+3.99%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.75 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $60.76 +1.33 (+2.24%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $64.48 +0.88 (+1.40 %).

Killam Properties Inc. (TSE:KMP) $10.60 +0.20 (+1.92%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $16.75 +0.18 (+1.09%).

Nobility Homes Inc. (OTCMKTS:NOBH) $12.10 0.00 (0.00%)

Patrick Industries, Inc. (NASDAQ:PATK) $40.63 +0.55 (+1.35%).

Skyline Corporation (NYSE:SKY) $2.75 -0.055 (-1.96%).

Sun Communities Inc. (NYSE:SUI) $69.86 +1.96 (+2.89%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $48.57 +0.67 (+1.40%).

UMH Properties, Inc. (NYSE:UMH) $10.18 +0.23 (+2.31%).

Universal Forest Properties, Inc. (NYSE:UFPI) 72.50 +1.42 (+1.99%). ##

(Graphic credit: CNNMoney)

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

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