Stocks close slightly higher as the Fed rate-hike debate rages on. Patrick Industries (PATK:US) defies MHCV slip to post the biggest manufactured housing gainer. Chart watchers say the dollar is on the verge of unraveling. California fire drives 82,000 from their homes, MarketWatch informed MHProNews.
Daily Business News Market Tracker:
The Dow Jones Industrial Average gained 21.92 points to close at 18,573.94.
The S&P 500 inched up 4.07 to 2,182.22.
NASDAQ closed at 5,228.66.
** Yahoo’s Manufactured Housing Related Index Components **
The Yahoo Manufactured Housing Composite Value (MHCV) lost 11.05 points to finish at 1,384.64. The MH-related stocks biggest loser was Nobility Homes closing at $15.00 and the biggest gainer was Patrick Industries with a 3.56-point climb to close at 63.09.
*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, MarketWatch.)
Manufactured Housing Industry Stock Market Report by Frank Griffin, to Daily Business News for MHProNews.