In financial news, minutes from the Federal Reserve’s March meeting indicates more caution in raising interest rates because of fears of a possible slowdown in the economy. Rates may not be set free until the Fall. Meanwhile, former NYC Mayor Michael Bloomberg has pledged $30 million more to reduce the U. S. reliance on coal-fired power plants (in 2011 he gave $50 million).
The Yahoo! Finance Manufactured Housing Composite Value gained more than the three major indexes, adding +1.19 percent, to end the day at 668.0. Stocks we cover related to the manufactured housing industry closed mixed or even, although UMH Properties gained the most, +1.72 percent, while Patrick Industries slipped the most, losing -0.88 percent.
On the Big Board the Dow Jones Industrial Average nudged up +0.15 percent in today’s trading, +26.75 points, to close at 17,902.17. Meanwhile, the Nasdaq advanced +0.83 percent, +40.59 points to close at 4,950.82, while the S&P 500 similarly gained, +0.27 percent, +5.54 points to finish at 2,081.87.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $215.67 +1.50 (+0.70 %)
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $214,828.00 -672.00 (-0.31%).
Carlyle Group (NASDAQ:CG) $27.77 -0.17 (-0.61%).
Cavco Industries, Inc. (NASDAQ:CVCO) $73.46 +0.45 (+0.62%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00% (0.00%).
Drew Industries, Inc. (NYSE:DW) $61.02 +0.37 (+0.61%)
Equity LifeStyle Properties, Inc. (NYSE:ELS) $54.32 -0.18 (-0.33%).
Killam Properties Inc. (TSE:KMP) $11.04 +0.04 (+0.36%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.21 +0.12 (+0.75%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.00 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $61.11 -0.54 (-0.88%).
Skyline Corporation (NYSE:SKY) $3.59 -0.01 (-0.28%).
Sun Communities Inc. (NYSE:SUI) $64.97 -0.45 (-0.69%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $57.38 -0.13 (-0.23%).
UMH Properties, Inc. (NYSE:UMH) 10.62 +0.18 (+1.72%)
Universal Forest Products, Inc. (NYSE:UFPI) $53.56 +0.47 (+0.89%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.