Yesterday’s run-up of 227 points was due to the Federal Reserve’s assertion that the road to higher interest rates will be slow and steady, while today the markets settled back. However, in a see-saw week somewhat similar to last, CNNMoney informs MHProNews the Dow Jones Industrial Average dropped 117.16 points, -0.65 percent to end at 17,959.03. The NASDAQ edged +9.55 points, +0.19 percent to finish at 4,992.38, while the S&P 500 slipped -10.23 points, -0.49 percent to close at 2,089.27.
The Yahoo! Finance Manufactured Housing Composite Value slipped slightly, -0.28%, to end the day at 612.4, while stocks we cover related to the manufactured housing industry closed mixed or even. Louisiana Pacific Corp. moved up the most, +2.46 percent, while followed by Cavco with a +2.97 percent gain. Only Affiliated Managers Group of the tracked stocks lost over one percent, while Patrick, Skyline and Third Avenue all gained more than one percent.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $213.44 -2.98 (-1.38%)
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers $218,000 -1,699. (-0.77%).
Carlyle Group (NASDAQ:CG) $26.18 -0.17 (-0.65%).
Cavco Industries, Inc. (NASDAQ:CVCO) $72.04 +0.53 (+0.74%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.53 0.00% (0.00%).
Drew Industries, Inc. (NYSE:DW) $62.97 +0.27 (+0.43%)
Equity LifeStyle Properties, Inc. (NYSE:ELS) $56.44 -0.20 (-0.35%).
Killam Properties Inc. (TSE:KMP) $10.86 -0.03 (-0.28%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.05 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.22 +0.39 (+2.46%).
Nobility Homes Inc. (OTCMKTS:NOBH) $10.75 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $61.64 +0.63 (+1.03%).
Skyline Corporation (NYSEMKT:SKY) $3.66 +0.0665 (+1.85%).
Sun Communities Inc. (NYSE:SUI) $68.97 -0.01 (-0.01%).
Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 30) $57.33 +0.74 (+1.31%).
UMH Properties, Inc. (NYSE:UMH) 9.99 +0.07 (+0.71%).
Universal Forest Products, Inc (NYSE:UFPI) $52.71 -0.43 (-0.81%). ##
(Graphic credit: CNNMoney)
