In the news from CNNMoney: Dow drops 252 points after European Central Bank does not deliver stimulus. T-Mobile ranks as number one wireless carrier by Consumer Reports. U. S. wages grew 2.5 percent in October. McDonald’s being investigated for tax-dodging in Europe. China is spending billions in Africa. You may own gun stocks and not know it. Poor families spend $600 more on prom than wealthier ones.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -1.17 percent to close at 1184.3. Only one manufactured housing-related stock we cover closed up. Several closed even, many lost ground. Killam Properties gained +1.05 percent, advancing +0.11 points, to close at $10.56. Affiliated Managers fell more than other MH-related stocks, -2.89 percent, to end the day at $170.65.
On the Big Board:
The Dow Jones Industrial Average dropped -1.42 percent, losing -252.01 points, to end at 17,477.67.
The NASDAQ fell -1.67 percent, more than the other two major indices, -85.69 points, to end the day at 5,037.53.
The S&P 500 lost -1.44 percent, -29.89 points to close at 2,049.62
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $170.65 -5.08 (-2.89%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $198,801 -4,129. (-2.03%).
Carlyle Group (NASDAQ:CG) $17.48 -0.05 (-0.29%).
Cavco Industries, Inc. (NASDAQ:CVCO) $89.25 -1.65 (-1.82%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.75 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $59.59 -1.14 (-1.88%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $61.76 -0.89 (-1.42%).
Killam Properties Inc. (TSE:KMP) $10.56 +0.11 (+1.05%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $17.00 -0.41 (-2.35%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.20 0.00 (0.00%)
Patrick Industries, Inc. (NASDAQ:PATK) $42.63 -0.81 (-1.86%).
Skyline Corporation (NYSE:SKY) $3.62 -0.04 (-1.09%).
Sun Communities Inc. (NYSE:SUI) $65.80 -1.19 (-1.78%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $54.92 -0.63 (-1.13%).
UMH Properties, Inc. (NYSE:UMH) $9.58 -0.11 (-1.14%).
Universal Forest Products, Inc. (NYSE:UFPI) $76.99 -0.47 (-0.61%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily business News-MHProNews.