MHCV values dropped 1.71% today. In the stocks we track, most lost value. One exception was CG up 1.19%.
Reuters tells MHProNews that U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected.
Some of the worst-hit stocks were utilities and real estate investment trusts as they are high-yielding investments which would look less attractive after a rate hike.
The S&P and the Dow, which accelerated their declines as the day wore on, were under additional pressure because they had hit records earlier in the week after a strong February.
Listed below are the closing numbers for today’s stock trading.
Dow Jones 17,856.85 -278.87 (-1.54%).
S&P 500 2,071.26 -29.78 (-1.42%).
Nasdaq 4,927.37 -55.44 (-1.11%).
The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value: 601.1 Today’s Change: -1.71%
As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:
Affiliated Managers Group, Inc. (NYSE: AMG) 214.39 -1.42 (-0.66%).
Berkshire Hathaway (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 218,810.98 -689.02 (-0.31%).
Carlyle Group (NASDAQ:CG) 27.29 +0.32 (1.19%).
Cavco Industries, Inc. (NASDAQ:CVCO) 69.56 -1.63 (-2.29%).
Deer Valley Corporation (OTCMKTS:DVLY) 0.700 +0.150 (27.27% Feb. 18).
Equity LifeStyle Properties, Inc. (NYSE:ELS) 52.16 -1.74 (-3.23%).
Killam Properties Inc. (TSE:KMP) 10.67 -0.15 (-1.39%).
Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500 0.0000 (0.00% Feb. 10).
Nobility Homes Inc. (OTCMKTS:NOBH) 10.10 0.00 (0.00% March 6).
Skyline Corporation (NYSEMKT:SKY) 3.52 +0.02 (0.57%).
Sun Communities Inc. (NYSE:SUI) 66.37 -0.63 (-0.94%).
Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX) 57.45-0.07 (-0.12% March 5).
UMH Properties, Inc. (NYSE:UMH) 9.33 -0.11 (-1.17%)
Universal Forest Products, Inc. (NASDAQ:UFPI) 51.78 -0.32 (-0.61%).
(Graphic credit: CNNMoney)
Article Submitted by Sandra Lane to – Daily Business News- MHProNews.
