Stocks ended slightly lower, MarketWatch informs MHProNews, dragged by slumping oil prices, while Treasury yields post the largest 2-day decline in a month. The 2016 Presidential Elections are being blamed for a slow down in sales. The dollar weakens, as investors bet the Fed won’t hike rates in 2016. Meanwhile the U.S. Budget deficit is up 10% for fiscal year-to-date.
Daily Business News Market Tracker 8-10.2016
The Dow Jones Industrial Average lost 0.20% percent totaling -37.39 points to close at 18,495.66.
The S&P 500 paralleled the Dow with a loss of 6.25 points to close at 2,175.49.
NASDAQ retreated 0.40% for a -20.90 points loss ending at 5,204.58.
** Yahoo’s Manufactured Housing Related Index Components **
The Yahoo! Finance’s Manufactured Housing Composite Value (MHCV) continued yesterdays downward slide, closing at 1,373.38 with a -6.56 point loss. The MH-related stocks biggest loser was The Carlyle Group with -2.32% drop closing at $16.40 and the biggest gainer was Nobility Homes with a 3.33% rally closing at $15.50.
|COMPANY||EXCHANGE||SYMBOL||CLOSE|| CHANGE (%)
|Berkshire Hathaway Inc. – – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers||NYSE||BRKA||220,000.00||-605.05
|Cavco Industries, Inc.||NASDAQ||CVCO||97.17||-0.33
|Deer Valley Corporation||OTCMKTS||DVLY||0.55||0.00 (0.00%)|
|Drew Industries, Inc.||NYSE||DW||96.15||-0.04
|Equity LifeStyle Properties, Inc.||NYSE||ELS||81.64||+0.80 (+0.99%)|
|Killam Properties Inc.||TSE||KMP||12.82||-0.06
|Nobility Homes Inc.||OTCMKTS||NOBH||15.50||+0.50 (+3.33%)|
|Northstar Realty Finance Corp||NYSE||NRF||13.66||+0.14
|Patrick Industries, Inc.||NASDAQ||PATK||61.62||-0.37
|Third Avenue Value Instl –
As of 09 Aug 2016
|UMH Properties, Inc.||NYSE||UMH||12.44||-0.01
|Universal Forest Properties, Inc.||NYSE||UFPI||107.23||+0.25
(Graphic credits: MarketWatch)
MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.