In the news from CNNMoney: China stocks plunge but the government still has ability to stop the fall. Will market plunge affect the interest rate hike? Donald Trump to appear on cover of Rolling Stone. Airbnb valued at over $25 billion. Stock market is down, but job growth and home prices are still strong.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -2.94 percent to close at 896.7. All except two manufactured housing related stocks we cover closed down or even—some more volatile than usual. Deer Valley advanced the most, +8.33 percent, following its major loss yesterday of -7.69 percent, to close at $0.65. Sky line also gained, +4.06 percent. Carlyle Group fell the most of tracked stocks, -5.39 percent, to end the day at $20.02. All covered stocks that fell dropped three digits.
On the Big Board:
The Dow Jones Industrial Average plunged -3.58 percent, -588.47 points, to finish the second day of precipitous falling, losing 1,089 in two days, ending the day at 15,871.28.
The NASDAQ dropped -3.82 percent, -179.79 points to close at 4,526.25.
The S&P 500 fell -3.94 percent, the most of all three indices, -77.65 points, to finish at 1,893.24.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $184.92 -5.80 (-2.99%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $196,005.00 -6,495.00 (-3.21%).
Carlyle Group (NASDAQ:CG) $20.02 -1.14 (-5.39%).
Cavco Industries, Inc. (NASDAQ:CVCO) $71.45 -1.72 (-2.34 %).
Deer Valley Corporation (OTCMKTS:DVLY) $0.65 +0.05 (+8.33%).
Drew Industries, Inc. (NYSE:DW) $52.42 -2.33 (-4.26%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $55.78 -2.03 (-3.51%).
Killam Properties Inc. (TSE:KMP) $9.67 -0.32 (-3.20%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $15.59 -0.51 (-3.17%).
Nobility Homes Inc. (OTCMKTS:NOBH) $10.15 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $35.48 -1.10 (-3.01%).
Skyline Corporation (NYSE:SKY) $3.33 +0.13 (+4.06%).
Sun Communities Inc. (NYSE:SUI) $65.35 -1.75 (-2.61%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $52.47 -1.19 (-2.22%).
UMH Properties, Inc. (NYSE:UMH) $9.31 -0.17 (-1.79%).
Universal Forest Products, Inc. (NYSE:UFPI) $60.06 -2.76 (-4.39%). ##
(Graphic credit:CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.