Dow Spirals Downward as Oil Falls, Pulling many Stocks Down

stock_report_Dec_11In the news from CNNMoney: Oil drops below $36/bbl, causing the Dow to fall. Holiday shopping gains momentum in November. Whole Foods’ stock has fallen 30 percent this year, fueling speculation it may be on the block. Dow Chemical merging with Dupont, a $130 billion deal to create the world’s largest chemical company. ISIS sells rare antiquities to fund terror.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -0.92 percent to close at 1123.5. Tracked stocks mostly closed down to end the week’s trading, but Nobility Homes gained +0.83 percent to close at $12.10, while Affiliated Managers Group fell more than other MH-related stocks, losing -7.90 percent to end the day at $152.76.

On the Big Board:

The Dow Jones Industrial Average dropped sharply, -1.76 percent, plummeting -309.54 points, to end the week at 17,265.21.

The NASDAQ fell the most of all three indices, losing -2,21 percent, -111.70 points, to finish the week at 4,933.47.

The S&P 500 lost -1.94 percent, -39.86 points, to close at 2,012.37.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $152.76 -113.10 (-7.90%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $195,757 -1,748.00 (-0.89%).

Carlyle Group (NASDAQ:CG) $15.44 -1.07 (-6.56%).

Cavco Industries, Inc. (NASDAQ:CVCO) $82.21 -2.00 (-2.37%).

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

Drew Industries, Inc. (NYSE:DW) $57.97 -0.65 (-1.11%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $62.21 +0.31 (+0.50%).

Killam Properties Inc. (TSE:KMP) $10.47 -0.03 (-0.29%).

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

Louisiana-Pacific Corporation (NYSE:LPX) $16.76 0.00 (0.00%).

Nobility Homes Inc. (OTCMKTS:NOBH) $12.10 +0.10 (+0.83%

Patrick Industries, Inc. (NASDAQ:PATK) $40.50 0.00 (0.00%).

Skyline Corporation (NYSE:SKY) $2.93 -0.17 (-5.48%).

Sun Communities Inc. (NYSE:SUI) $67.29 +0.50 (+0.75%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $47.73 -1.09 (-2.23%).

UMH Properties, Inc. (NYSE:UMH) $9.44 -0.09 (-0.94%).

Universal Forest Properties, Inc. (NYSE:UFPI) 71.43 -0.98 (-1.36 %). ##

(Graphic credit: CNNMoney)

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

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