In the news from CNNMoney: ESPN laying off several hundred people. Sales of Diet Coke plunge. Biotech is cutting jobs. Shares of Valeant Pharmaceuticals plummet amid charges of fraud. August home sales at highest level since 2008, while homebuilder confidence reaches ten-year high. Oprah buying ten percent stake in Weight Watchers, joining the board and boosting the stock. Toyota recalling up to 6.5 million vehicles.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) lost -0.65 percent to close at 1026.9. Manufactured housing related stocks we cover closed mixed, or even, with little change in the stocks, but Skyline Corp. rose sharply +8.62 percent to close at $3.15, the most of tracked stocks. Affiliated Managers Group dropped the most of tracked stocks, -2.52 percent to end the day at $168.75.
On the Big Board:
The Dow Jones Industrial Average nudged down -0.28 percent, -48.50 points, to end the day at 17,168.61.
The NASDAQ fell -0.84 percent, more than the other major indices, -40.85 points, to end at 4,840.12.
The S&P 500 slipped –0.58 percent, -11.83 points, to close at 2,018.94.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $168.75 -4.38 (-2.53%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $199,900 -1,580.00 (-0.78%).
Carlyle Group (NASDAQ:CG) $18.81 +0.01 (+0.06%).
Cavco Industries, Inc. (NASDAQ:CVCO) $75.55 -0.37 (-0.46%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.70 0.00 (0.00 %).
Drew Industries, Inc. (NYSE:DW) $59.31 -0.42 (-0.70%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $61.89 -0.13 (-0.18%).
Killam Properties Inc. (TSE:KMP) $10.48 +0.07 (+0.67%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $16.94 -0.30 (-1.74%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.85 0.00 (0.00%).
Patrick Industries, Inc. (NASDAQ:PATK) $44.90 +0.17 (+0.39%).
Skyline Corporation (NYSE:SKY) $3.15 +0.25 (+8.62%).
Sun Communities Inc. (NYSE:SUI) $69.00 -1.42 (-2.02%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $52.93 -0.07 (-0.13%).
UMH Properties, Inc. (NYSE:UMH) $10.33 -0.01 (-0.10%).
Universal Forest Products, Inc. (NYSE:UFPI) $71.51 +0.52 (+0.73%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.