The Federal Reserve has announced the end of its Quantitative Easing program to stimulate the economy after six years of buying up bonds, but says it will not likely raise interest rates until next year.
Dan Greenhaus, chief strategist at market research firm BTIG in New York, says, “It’s in response to the Fed acknowledging the improvement in the economy, the improvement in the labor market and the diminished risks on the inflation side of things.” Each of the major indexes slid.
Dow Jones Industrial Average 16,974.31 -31.44 (-0.18%).
Nasdaq 4,549.23 -15.06 (-0.33%).
S&P 500 1,982.30 -2.75 (-0.14%).
The Yahoo! Finance Manufactured Housing Composite Value: 558.6 Today’s Change: -1.14%.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $196.99 -0.14 (-0.07%)
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st, Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $209,600.00 -970. (-0.46%).
Carlyle Group (NASDAQ:CG) $28.66 -1.17 (-3.92%).
Cavco Industries, Inc. (NASDAQ:CVCO) $72.68 -0.37 (-0.51%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.65 0.00% (0.00% Oct 9th).
Drew Industries, Inc. (NYSE:DW) $46.67 -0.21 (-0.17%)
Equity LifeStyle Properties, Inc. (NYSE:ELS) $47.59 +0.02 (+0.04%).
Killam Properties Inc. (TSE:KMP) $10.83 -0.13 (-1.19%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.15 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $14.27 -0.18 (-0.94%).
Nobility Homes Inc. (OTCMKTS:NOBH) $10.25 +0.50 (+5.13%).
Patrick Industries, Inc. (NASDAQ:PATK) $40.40 +0.19 (+0.49%).
Skyline Corporation (NYSEMKT:SKY) $3.78 +0.00 (+0.00%).
Sun Communities Inc. (NYSE:SUI) $54.40 +0.25 (+0.46%).
Third Avenue Value Instl (OTCMKTS:TAVFX) (Oct. 28) $58.92 +0.78 (+1.34%).
UMH Properties, Inc. (NYSE:UMH) $9.81 -0.02 (-0.20%).
Universal Forest Products, Inc (NYSE:UFPI) $49.60 -0.09 (-0.17%). ##
(Image credit: CNNMoney.com)
