Dow Posts Strong Gain, MHCV Slips, LPX Gains 4.60%

stock_eport_Aug_10In the news from CNNMoney:  Gasoline prices expected to fall below $2. gallon by fall. Gift cards are the most requested gift in the U. S. for eight years. Wages growing fastest in Columbus, Ohio, San Francisco, Virginia Beach, Va. and Louisville, Ky. Low gas prices could hamper rise in interest rates. Buffett spends $32B.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -1.66, unlike the three major indices, to end at 955.7. Manufactured housing stocks we cover closed mixed, or even, with Louisiana Pacific gaining the most of stocks we follow, +4.60 percent. Sun Communitis slipped more than other tracked stocks, -0.47 percent.

On the Big Board:

The Dow Jones Industrial Average gained +1.39 percent, +241.79 points, to end the first day of the week at 17,615.17, reversing a downward trend last week.

The NASDAQ advanced +1.16 percent, +58.26 points to close at 5,101.80.

The S&P 500 moved up +1.28 percent, +26.61 points, to finish at 2,104.18.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $211.83 +2.81 (+1.34%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $215,300 -163.00 (-0.08%).

Carlyle Group (NASDAQ:CG) $25.17 +0.15 (+0.60%).

Cavco Industries, Inc. (NASDAQ:CVCO) $73.53 ++0.27 (+0.37%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.35 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $57.15 -0.01 (-0.02%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $57.75 -0.22 (-0.38%).

Killam Properties Inc. (TSE:KMP) $10.25 +0.07 (+0.69%).

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

Louisiana-Pacific Corporation (NYSE:LPX) $16.59 +0.73 (+4.60%).

Nobility Homes Inc. (OTCMKTS:NOBH) $10.10 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $37.45 +0.02 (+0.05%).

Skyline Corporation (NYSE:SKY) $3.34 +0.0701 (+2.14%).

Sun Communities Inc. (NYSE:SUI) $67.42 -0.32 (-0.47%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $55.92 +0.17 (+0.30%).

UMH Properties, Inc. (NYSE:UMH) $9.54 +0.04 (+0.42%).

Universal Forest Products, Inc. (NYSE:UFPI) $63.67 +1.85 (+2.99%). ##

(Graphic credit: CNNMoney)

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


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