Jobs Report Sends Dow Up; MHCV Does not share the Joy

stock_report_May_8The addition of 233,000 jobs to the U S. economy, and the drop of the unemployment rate to 5.4 percent, the lowest level since 2008, spurred the Dow Jones Industrial Average to surge +267.05 points. Additionally, the unemployment rate of black males has fallen below ten percent for the first time since the Great Recession began.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) did not enjoy the jobs gains, falling -0.14 percent, to close at 671.2. while more tracked manufactured housing stocks closed up, some closed even, in today’s trading. Sun Communities gained more than other stocks we follow, +2.79 percent. Patrick Industries slipped the most of stocks we follow, -1.21 percent.

On the Big Board

The Dow Jones Industrial Average shot up +1.49 percent, +267.05 points, to end the day at 18,191.11.

The NASDAQ moved up +1.17 percent, +58.00 points, to close at 5,003.55.

The S&P 500 also advanced 1.35 percent, +28.10 points, to end at 2,116.10.

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $223.47 +1.93 (+0.87%)

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $222,880.00 +4,160.00 (+1.90%)

Carlyle Group (NASDAQ:CG) $30.21 +0.13 (+0.43%).

Cavco Industries, Inc. (NASDAQ:CVCO) $69.05 +0.16 (+0.23%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00 (0.00%).

Drew Industries, Inc. (NYSE:DW) $59.10 +0.52 (+0.89%)

Equity LifeStyle Properties, Inc. (NYSE:ELS) $54.07 +0.52 (+0.97%)

Killam Properties Inc. (TSE:KMP) $10.73 +0.05 (+0.47%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $16.96 +0.18 (+1.07%).

Nobility Homes Inc. (OTCMKTS:NOBH) $11.25 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $58.90 -0.72 (-1.21%).

Skyline Corporation (NYSE:SKY) $3.34 +0.03 (+0.91%)

Sun Communities Inc. (NYSE:SUI) $63.33 +1.72 (+2.79%)

Third Avenue Value Instl (OTCMKTS:TAVFX) $58.41 -0.19 (-0.32%).

UMH Properties, Inc. (NYSE:UMH) 10.24 +0.17 (+1.69%)

Universal Forest Products, Inc. (NYSE:UFPI) $55.96 +0.17 (+0.30%). ##

(Graphic credit: CNNMoney)

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

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