Skyline Rises; Dow, Nasdaq and S&P like Fed Chief Yellen’s Comments

“Interest rates will likely stay at current levels for a considerable time after asset purchase program ends,” said Federal Reserve Chief Janet Yellen, when combined with positive earnings and economic data spurred the three major indexes to each gain one percent or more in today’s trading. The Dow Jones Industrial Average added +162.29 points, +1.00 percent, to close at 16,424.85. The Nasdaq gained 52.07 points, +1.29 percent, to end the session at 4,086.23, while the S&P 500 moved up +19.33 points, +1.05 percent, to close at 1,862.31, as CNNMoney tells MHProNews. The Yahoo! Finance Manufactured Housing Composite moved up +2.36 percent to close at 727.10. Tracked housing stocks closed mixed or even in today’s trading. Skyline Corp. was the biggest gainer of stocks we follow, gaining +6.63 percent, +0.35 points, to end the trading day at 5.63. Equity LifeStyle Properties slipped the most of stocks we follow, losing -0.16 points, -0.39 percent, to close at 41.11. Affiliated Managers Group 184.95, +2.97 (+1.63%). Cavco Industries 77.97 +2.30 (+3.04%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 188,900 +3,260.00 points (+1.76%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 51.26 +0.21 (+0.41%). Liberty Homes remained unchanged at 0.80. Louisiana Pacific Corp. 15.39 +0.04 (+0.26%). Nobility Homes remained unchanged at 11.00. Patrick Industries 41.86 +0.78 (+1.90%). Sun Communities, Inc. 44.18 -0.01 (-0.02%). Third Avenue Value Fund (April 15) 57.87 -0.15 (-0.26%). UMH Properties 9.92 +0.06 (+0.61%). Universal Forest Products, Inc. 54.20 +1.25 (+2.37%) ##

(Graphic credit: CNNMoney and RealTick)

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