In the news from CNNMoney: The Federal Reserve is saying be prepared for nigher interest rates. More women are living at home than ever before. Europe wants G20 to help with refugees. Smarter robots put 50 percent of jobs at risk. Typical American family earned $53,657 last year. Country will need 100,000 STEM (Science, Technology, Engineering and Math) teachers by 2021.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) dropped -2.40 percent to close at 1096.5. All except three manufactured housing related stocks we cover were losers, or closed even. Skyline Corp advanced more than the other two, moving up +2.16 percent to close at $3.79. Affiliated Managers Group fell the most of tracked stocks, -2.20 percent, to end the week at $167.53.
On the Big Board:
The Dow Jones Industrial Average dropped -1.16 percent, -202.83 points, to finish the week at 17,254.24, as the Dow lost 665 points.
The NASDAQ fell more, -1.54 percent, -77.20 points, to end the day at 4,927.88.
The S&P 500 dropped -1.12 percent, -22.93 points, to close at 2,023.04
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $167.53 -3.76 (-2.20%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $197,825 -1,546.00 (-0.78%).
Carlyle Group (NASDAQ:CG) $17.57 -0.17 (-0.96%).
Cavco Industries, Inc. (NASDAQ:CVCO) $89.52 -1.88 (-2.06%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.85 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $58.66 -0.01 (-0.02%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $58.77 -0.46 (-0.78%).
Killam Properties Inc. (TSE:KMP) $10.36 -0.07 (-0.67%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.95 -0.27 (-1.57%).
Nobility Homes Inc. (OTCMKTS:NOBH) $11.60 -0.05 (-0.43%).
Patrick Industries, Inc. (NASDAQ:PATK) $38.49 +0.56 (+1.48%).
Skyline Corporation (NYSE:SKY) $3.79 +0.08 (+2.16%).
Sun Communities Inc. (NYSE:SUI) $62.17 -0.13 (-0.21%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $53.96 -0.68 (-1.24%).
UMH Properties, Inc. (NYSE:UMH) $9.35 -0.07 (-0.74%).
Universal Forest Products, Inc. (NYSE:UFPI) $73.78 +0.79 (+1.08%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.