In the news from CNNMoney: Pharmaceutical stocks pull down markets. New York Fed Chief says interest rate hike will come this year. Trump says unemployment rate is 42 percent. Global economic slowdown affects also stocks. Apple sells record 13 million new iPhones. Porsche introduces electric car to compete with Tesla.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -1.94 percent to close at 887.4. Manufactured housing related stocks we cover closed mostly down, or even, but Nobility Homes skyrocketed +20.93 percent. Louisiana Pacific dropped the most of tracked stocks, -6.93 percent, to close at $14.30.
On the Big Board:
The Dow Jones Industrial Average plummeted -1.92 percent, -312.78 points, to end the day at 16,001.89.
The NASDAQ sank more than the other two indices, -3.04 percent, -142.53 points, to finish at 4,543.97.
The S&P 500 dropped sharply -2.57 percent, -49.57 points, to close at 1,881.77.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $170.59 0.00 (0.00%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $193,305 -1,315.00 (-0.68%).
Carlyle Group (NASDAQ:CG) $17.34 -1.04 (-5.65%).
Cavco Industries, Inc. (NASDAQ:CVCO) $67.98 -1.94 (-2.77%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00 (0.00 %).
Drew Industries, Inc. (NYSE:DW) $53.04 -0.17 (-0.32%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $57.12 -0.62 (-1.07%).
Killam Properties Inc. (TSE:KMP) $9.81 -0.05 (-0.51%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $14.30 -0.96 (-6.29%).
Nobility Homes Inc. (OTCMKTS:NOBH) $13.00 +2.25 (+20.93%).
Patrick Industries, Inc. (NASDAQ:PATK) $39.26 -0.48 (-1.21%).
Skyline Corporation (NYSE:SKY) $2.85 0.0499 (-1.72%).
Sun Communities Inc. (NYSE:SUI) $66.80 -0.11 (-0.16%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $50.35 +0.36 (+0.72%).
UMH Properties, Inc. (NYSE:UMH) $9.19 -0.21 (-2.23%).
Universal Forest Products, Inc. (NYSE:UFPI) $58.52 -0.94(-1.58%). ##
Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.