In the news from CNNMoney: Gold tumbles to six-year low. Tim Cook shakes up Apple’s management. New moms at PayPal get 16 weeks paid leave, dads get eight weeks “bonding leave.” Argentina’s currency is crashing by 30%. Next year rents are expected to rise 3-5 percent. Smart socks pause Netflix if you fall asleep. One year after Pres. Obama moved to normalize relations with Cuba, the island is undergoing a renaissance. US and Russia team up at UN to fight ISIS.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -1.91 percent to close at $1111.4. Tracked stocks closed mixed, but Carlyle Group gained the most of tracked stocks, +1.66 percent, to close at $15.93. Universal Forest Products, Inc. fell more than other MH-related stocks, -4.07 percent to close at $69.56.
On the Big Board:
The Dow Jones Industrial Average, the day after the interest rate hike announcement, dropped sharply -1.43 percent, -253.25 points, to end the day at 17,495.84.
The NASDAQ fell -1.35 percent, -68.58 points, to finish the day at 5,002.55.
The S&P 500 lost more than the other two indices, -1.50 percent, -31.18 points, to close at 2,041.89.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $157.73 -1.35 (-0.85%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $201,000 -2,800.00 (-1.37%).
Carlyle Group (NASDAQ:CG) $15.93 +0.26 (+1.66%).
Cavco Industries, Inc. (NASDAQ:CVCO) $83.30 -1.98 (-2.32%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.75 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $59.85 -0.91 (-1.50%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $65.68 +0.76 (+1.17 %).
Killam Properties Inc. (TSE:KMP) $10.60 0.00 (0.00%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.94 +0.19 (+1.13%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.10 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $40.45 -0.19 (-0.47%).
Skyline Corporation (NYSE:SKY) $2.68 -0.065 (-2.37%).
Sun Communities Inc. (NYSE:SUI) $69.52 -0.34 (-0.49%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $48.57 +0.67 (+1.40%).
UMH Properties, Inc. (NYSE:UMH) $10.23 +0.05 (+0.49%).
Universal Forest Properties, Inc. (NYSE:UFPI) 69.56 -2.95 (-4.07%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.