Nobility Homes Plummets; Tech Stocks Drop Nasdaq 110 Points

A sell-off in tech stocks, especially Amazon and LinkedIn, set the Nasdaq back 2.60 percent and the Dow and S&P each fell around one percent, as investors retreated from the dance floor. The Dow Jones Industrial Average lost -0.96 percent, -159.84 points, to end the first week of the month at 16,412.71. The Nasdaq’s drop of -2.60 percent dropped it to 4,127.23, as it lost -110.01 points. S&P fell -1.25 percent, -23.68 points, to settle at 1,865.09, according to CNNMoney. The Yahoo! Finance Manufactured Housing Composite edged down -2.30 percent to close at 760. Many housing stocks we follow in today’s trading closed down or even, although Equity LifeStyle Properties edged up the most of tracked stocks, +0.98 percent, +0.40 points, to end the day at 41.12. Nobility Homes plummeted the most of stocks we track, -9.62 percent, -1.25 points, to finish at 11.75. Affiliated Managers Group 194.40 , -6.54 points, (-3.25%). Cavco Industries, Inc. 78.18 -1.92 (-2.40%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 185,753 -534.00 points (-0.29%). Deer Valley remained unchanged at 75.00. Drew Industries, Inc. 52.24 -0.82 (-1.55%). Liberty Homes remained steady at 0.80. Louisiana Pacific Corp. 16.86 -0.30 (-1.75%). Patrick Industries 40.97 -0.74 (-1.78%). Skyline Corp. 6.28 +0.03 (+0.48%). Sun Communities, Inc. 44.74 +0.39 (+0.88%). Third Avenue Value Fund (April 3) 58.45 +0.02 (+0.03%). UMH Properties remained unchanged at 9.77. Universal Forest Products, Inc. 54.86 -0.95 (-1.70%). ##

(Graphic credit: CNNMoney and RealTick)

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