The main three U.S. stocks markets closed lower as investors worry over the Fed’s approaching rate decision. The Dow and S&P register weekly losses, as Nasdaq logs 8th weekly gain in a row, per MarketWatch.
Meanwhile, oil prices stampeded toward bull-market territory, as geo-political instability may be fueling a rise in crude.
Daily Business News Market Tracker:
The Dow Jones Industrial Average dropped -45.13 points – closing at 18,552.57.
The S&P 500 down -3.15 to 2,183.87.
NASDAQ closed at 5,238.38.
** 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 UMH Properties closing at $11.77 and the biggest gainer was Skyline with a 3.06 percent climb to close at 10.11.
*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, Bloomberg.)
MH Industry Market Report by Frank Griffin, to Daily Business News for MHProNews.