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China Devaluation Leaves Stocks Flat; Deer Valley Falls Following Prior Big Gain

stock_report_Aug_12In the news from CNNMoney: Global stock markets plummet over devaluing of Chinese currency. Kraft Heinz gives pink slips to 2,500, over 5% of workforce. Businesses tell Sen. Marco Rubio to change his stance on Cuba. WI Gov. Scott Walker OKs $250 million in taxpayer dollars for sports arena.

Meanwhile, the Yahoo Manufactured Housing Composite Value (MHCV) gained +0.27 percent to end at 960.8. Manufactured housing stocks we cover closed mostly down, or even, although Louisiana Pacific nudged up +0.92 percent, the most of stocks we follow. After spiking +85.71 percent in yesterday’s trading, Deer Valley fell -15.38 percent today.

On the Big Board:

The Dow Jones Industrial Average closed flat, losing -0.00 percent, -0.33 points, ending at 17,402.51

The NASDAQ nudged up +0.15 percent, +7.60 points to close at 5,044.39.

The S&P 500 edged up +0.10 percent, +1.98 points, to finish at 2,086.05

As of 4 PM ET, CNNMoney Finance tells MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG) $204.10 -3.40 (-1.63%).

Berkshire Hathaway Inc. (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers – $212,850 -1.350.00 (-0.77%).

Carlyle Group (NASDAQ:CG) $24.20 -0.08 (-0.33%).

Cavco Industries, Inc. (NASDAQ:CVCO) $72.50 -0.72 (-0.98%).

Deer Valley Corporation (OTCMKTS:DVLY) $0.55 -0.10 (-15.38%).

Drew Industries, Inc. (NYSE:DW) $57.28 -0.69 (-1.19%).

Equity LifeStyle Properties, Inc. (NYSE:ELS) $57.88 -0.23 (-0.40%).

Killam Properties Inc. (TSE:KMP) $10.25 -0.10 (-0.97%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) $0.02 0.00 (0.00%).

Louisiana-Pacific Corporation (NYSE:LPX) $16.39 +0.15 (+0.92%).

Nobility Homes Inc. (OTCMKTS:NOBH) $10.10 0.00 (0.00%).

Patrick Industries, Inc. (NASDAQ:PATK) $37.85 0.00 (0.00%).

Skyline Corporation (NYSE:SKY) $3.37 0.00 (0.00%).

Sun Communities Inc. (NYSE:SUI) $68.03 +0.27 (+0.40%).

Third Avenue Value Instl (OTCMKTS:TAVFX) $55.74 -0.78 (-1.38%).

UMH Properties, Inc. (NYSE:UMH) $9.49 -0.02 (-0.21%).

Universal Forest Products, Inc. (NYSE:UFPI) $62.33 –0.66 (-1.05%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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