In the news from CNNMoney: Morgan Stanley slashes 1,200 jobs around the globe. Smith & Wesson gun sales up 32 percent this year. Following weak trade data from China, Dow falls nearly one percent. Oil drops below $37/bbl. Global mining giant Anglo American to cut 65,000 jobs in next few years. Severe pollution shuts down Beijing, chokes off tourism. Donald Trump makes millions in Muslim countries. Fox News suspends two commentators for using profanity while criticizing President Obama.
Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) fell -0.82 percent to close at 1174.9. Only one MH-related stock we cover gained in today’s trading, as most tracked stocks lost or remained even. Sun Communities edged up +0.43 percent to close at $67.25. Third Avenue Value Fund fell than other MH-related stocks, plummeting -8.86 percent, to end the day at $49.20. UFPI dropped sharply, -8.10 percent, ending at $70.77.
On the Big Board:
The Dow Jones Industrial Average dropped -0.92 percent, losing -162.51 points, to end at 17,568.00.
The NASDAQ slipped -0.07 percent, -3.57 points, to end the day at 5,098.24.
The S&P 500 lost -0.65 percent, -13.48 points to close at 2,063.59.
As of 4 PM ET, CNNMoney Finance tells MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) $169.05 -3.55 (-2.06%).
Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $200,234 -3,266. (-1.61%).
Carlyle Group (NASDAQ:CG) $16.84 -0.33 (-1.87%).
Cavco Industries, Inc. (NASDAQ:CVCO) $87.19 -2.61 (-2.90%).
Deer Valley Corporation (OTCMKTS:DVLY) $0.75 0.00 (0.00%).
Drew Industries, Inc. (NYSE:DW) $59.07 -0.47 (-0.79%).
Equity LifeStyle Properties, Inc. (NYSE:ELS) $62.24 -0.04 (-0.06%).
Killam Properties Inc. (TSE:KMP) $10.54 -0.04 (-0.38%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).
Louisiana-Pacific Corporation (NYSE:LPX) $17.09 -0.10 (-0.58%).
Nobility Homes Inc. (OTCMKTS:NOBH) $12.10 -0.10 (-0.82%)
Patrick Industries, Inc. (NASDAQ:PATK) $40.72 -0.29 (-0.71%).
Skyline Corporation (NYSE:SKY) $3.41 -0.1499 (-4.33%).
Sun Communities Inc. (NYSE:SUI) $67.25 +0.29 (+0.43%).
Third Avenue Value Instl (OTCMKTS:TAVFX) $49.20 -4.78 (-8.86%).
UMH Properties, Inc. (NYSE:UMH) $9.63 +0.03 (+0.31%).
Universal Forest Properties, Inc. (NYSE:UFPI) 70.77 -6.23 (-8.10%). ##
(Graphic credit: CNNMoney)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.