Noteworthy headlines on – CNNMoney – Dow soars 300 points, zooms past 21,000. Wells Fargo strips CEO and 7 top execs of 2016 bonuses. McDonald’s to launch ordering app, expand delivery. Kay and Jared jewelry chains face discrimination allegations.
Some bullets from Fox Business – Dow’s latest 1K-point advance ties record, Trump policy priorities fuel rally. Mnuchin: Stock Market shows people believe in Trump’s agenda. Former McDonald’s USA CEO: Robots to replace people in the service industry going forward. Trump makes healthcare a priority, insurance stocks surge.
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Key Commodities
Crude Oil 53.68 –0.33 (-0.61%) Gold 1,249.70 –4.20 (-0.33%) Silver 18.45 –0.02 (-0.10%)
The markets at the Closing Bell Today…
S&P 500 2,395.96 32.32 (1.37%)
Dow 30 21,115.55 303.31 (1.46%)
Nasdaq 5,904.03 78.59 (1.35%)
Russell 2000 1,413.64 26.95 (1.94%)
The MH Industry – Today’s Risers and Sliders
The top two gainers for the day were Universal Forest Products Inc. (UFPI) and LCI Industries (LCII).
The top two sliders for the day were Tricon Capital Group Inc. (TCN) and Equity LifeStyle Properties Inc. (ELS).
Manufactured Housing Composite Value (MHCV) Ticker
NOTE: the chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.
NOTE: Drew has changed their name and trading symbol at the end of 2016 to Lippert (LCII).
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. LCI Industries, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##
(Image credits are as shown above.)
Submitted by RC Williams to the Daily Business News for MHProNews.
