While investors are awaiting news from the Federal Reserve’s two-day meeting, Tech stocks took a bath in trading as the Nasdaq fell over one percent, while the Dow and the S&P 500 moved very little. The Dow Jones Industrial Average added +43.63 points, + 0.26 percent, to close at 17,031.41, while the S&P edged down -1.41 points, -0.07 percent, to end the day at 1,984.13. CNNMoney informs MHProNews that tech stocks Facebook, Twitter, LinkedIn and Yelp all fell between four and six percent, pulling the Nasdaq down -48.70 points, -1.07 percent, to end the first day of the week at 4,518.90. The Manufactured Housing Composite nudged down for the third straight day, -0.84 percent to 583.00. Most tracked housing stocks fell, although Deer Valley Homes skyrocketed +33.80 percent, +0.24 points, to end the day at $0.95, while Skyline Corp. fell -9.75 percent, -0.27 points, to close at $2.50, having fallen over ten percent within the last five days. Affiliated Managers Group, Inc (AMG) $204.06 -1.72 (-0.84%). Berkshire Hathaway (BRKA) –parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $207,110.00 +1,475.00.00 (+0.72%). Drew Industries $46.15 -0.49 (-1.05%). Equity LifeStyle Properties $42.91 -0.77 (-1.76%). Killam Properties (KMP.TO) $10.35 0.00 (0.00%). Liberty Homes $1.00 0.00 (0.00%). Louisiana Pacific Corp. $14.38 +0.71 (+5.19%). Nobility Homes (NOBH) $10.67 -0.22 (-2.02%). Patrick Industries (PATK) $42.06 -0.90 (-2.09%). Sun Communities, Inc. 50.91 -0.19 (-0.37%). Third Avenue Value Fund (TAVFX) (Sept. 12) $62.21 -0.13 (-0.21%). UMH Properties, Inc. $9.64 -0.16 (-1.63%). Universal Forest Products (UFPI) $45.68 -0.66 (-1.42%). ##
(Graphic credit: CNNMoney and RealTick)
