MHCV values went up 2.67% today. In the stocks we track, there were only minor gains. Highest increase: AMG 1.44% and CG 1.01%
Reuters tells MHProNews that U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday’s jobs report. This report is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike. Focus on the report was heightened as many investors see it as one of the most import economic indicators due to be released ahead of the Fed’s meeting in mid-March.
“People are anticipating some fireworks tomorrow. That’s the best way to describe the waiting today,” said Paul Schatz, president and chief investment officer at Heritage Capital in Woodbridge, Connecticut.
The S&P and the Dow had hit records and the Nasdaq surpassed 5,000 at the start of the week after a strong February performance for U.S. stocks, giving additional reason for investors to take a breather on Thursday.
European news was some help to U.S. markets but higher-than-expected U.S. jobless claims took “a little bit of the wind out of the sails,” said Paul Brigandi, managing director of portfolio management at Direxion Funds in New York.
Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate. The disappointing numbers came after a weaker-than-expected private payrolls report on Wednesday and ahead of Friday’s monthly employment report.
Listed below are the closing numbers for today’s stock trading.
Dow Jones 18,135.72 +38.82 (0.21%).
S&P 500 2,101.04 +2.51 (0.12%).
Nasdaq 4,982.81 +15.67 (0.32%).
The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 611.5 Today’s Change: +2.67%
As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) 215.81 +3.06 (1.44%).
Berkshire Hathaway (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 219,500.00 +1,888.00 (0.87%).
Carlyle Group (NASDAQ:CG) 26.97 +0.27 (1.01%).
Cavco Industries, Inc. (NASDAQ:CVCO) 71.19 +0.43 (0.61%).
Deer Valley Corporation (OTCMKTS:DVLY) 0.700 +0.150 (27.27% Feb. 18).
Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.90 +0.15 (0.28%).
Killam Properties Inc. (TSE:KMP) 10.82 +0.01 (0.09%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500 0.0000 (0.00% Feb. 10).
Nobility Homes Inc. (OTCMKTS:NOBH) 10.10 +0.10 (1.00% March 3).
Skyline Corporation (NYSEMKT:SKY) 3.50 +0.03 (0.86%).
Sun Communities Inc. (NYSE:SUI) 67.00 -0.04 (-0.06%).
Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX) 57.52-0.29 (-0.50% March 4).
UMH Properties, Inc. (NYSE:UMH) 9.44 0.00 (0.00%).
Universal Forest Products, Inc. (NASDAQ:UFPI) 52.10 -0.66 (-1.25%).
(Graphic credit: CNNMoney)
