Dow Gains 140 Points in Advance of Fed Report

stock_report_Sept_16In CNNNews: Weak global economy and strong U. S. dollar hurting FedEx. Anaheuser Busch seeking to buy rival Miller Brewing. Typical American family earned $53,657 last year. Berkeley aiming for $19 minimum wage. Business world holding its breath, awaiting decision on interest rates from Federal Reserve.

On the Big Board:

Dow Jones Industrial Average advanced +0.84 percent,+140.10 to close at 16,739.95

NASDAQ moved up +0.59 percent, +28.72, to end the day at 4,889.24

S&P 500 gained +0.87 percent, +17.22 points to end the day at 1,995.31

Manufactured Housing Composite rose +2.37 percent to close at 947.2. Manufactured housing-related stocks we cover closed mixed or even in today’s trading. Affiliated Managers Group moved up more than other stocks, +1.74 percent, to close at $180.85. Skyline Corp fell more than other covered stocks, -1.59 percent to close at $3.09.

Affiliated Managers Group Inc. (AMG) $180.85 +3.09 (+1.74%).

Berkshire Hathway (BRKA) including manufactured home producer Clayton Homes, Vanderbilt Mortgage and Finance, HomeFirst Agency $199,415 +110.00 (+0.06%).

Cavco Industries,Inc. (CVCO) $72.14 +0.11 (+0.15%)

Deer Valley Corporation (DVLY) $0.75 0.00 (0.00%)

Drew Industries, Inc. (DW) $55.93 +0.93 (+1.69%)

Equity LifeStyle Properties (ELS) $57.12 +0.37 (+0.65%)

Killam Properties, Inc. (KMP.TO) $10.02 +0.03 (+0.30)

Liberty Homes Inc. (LIBHA) $0.02 0.00 (0.00%)

Louisiana Pacific Industries (LPX) $16.55 -0.23 (-1.37%)

Nobility Homes Inc. (NOBH) $10.20 0.00 (0.00%)

Patrick Industries, Inc. (PATK) $45.69 -0.17 (-0.37%)

Skyline Corp. (SKY) 3.09 -0.05 (-1.59%)

Sun Communities, Inc. (SUI) $66.13 +0.62 (+0.95)

Third Avenue Value Institutional (TAVFX) $51.80 +0.21 (+0.41%)

UMH Properties, Inc. $9.12 -0.05 (-0.55%)

Universal Forest Products, Inc. (UFPI) $62.07 +0.36 (+0.58%) ##

(Graphic credit: CNNMoney)

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

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