CNNMoney asks, do more heads need to roll at Wells Fargo? Volkswagen engineer pleads guilty to criminal charges. They also stated the obvious, as they report that the Dow plunges almost 400 points.
MarketWatch notes that: “Gundlach’s talk of a surprise Fed tightening sets stage for a stock, bond-market rout” and “Nasty correction is the best-case scenario for the bulls.” The
Three Major U.S. Market Tickers and closing numbers at the bell today…
S&P 500 – 2,127.81 -53.49 (-2.45%).
Dow JIA – 18,085.45 -394.46 (-2.13%).
Nasdaq – 5,125.91 -133.57 (-2.54%).
The Yahoo! Manufactured Housing Composite Value closed today at: 1,360.89 -35.82 (-2.56%).
Manufactured Housing Composite Value Ticker
Suppliers Drew and UFPI were the day’s biggest sliders. Skyline was the sold gainer for today, see Joe Dyton’s Skyline related report, linked here. Deer Valley and Killam remained unchanged. To see Joe Dyton’s head-to-head comparison of Sun Communities vs. apartment giant, MAA, please click here.
*Note: the chart below includes stocks not included in the MHCV
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers. Drew, Patrick, UFPI and LP all supply manufactured housing, while AMG, CG and TAVFX have investments in manufactured housing related businesses. ##
(Image credits are as shown.)
ICYMI, Matthew Silver is taking well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).
MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.