Stocks Relatively Quiet as Federal Reserve Backs off from Interest Rate Hike

stock_report_sept_17In CNNNews: HP to cut another 25,000 to 30,000 jobs. Federal Reserve leaves interest rate near zero. Wealthy blacks the next big target for marketers. Trump does not define how he would make America great. 23 million people watched debate, a record for CNN. Doritos produces rainbow chips to support LGBT community.

On the Big Board:

Dow Jones Industrial Average slipped -0.39 percent, -65.21 points to close at 16,674.74

NASDAQ edged up +0.10 percent, +4.71 points to end the day at 4,893.95

S&P 500 nudged down 0.26 percent, -5.11 points to end the day at 1,990.20

Manufactured Housing Composite rose +1.08 percent to close at 957.5. Manufactured housing-related stocks we cover closed mixed or even in today’s trading. Cavco Industries moved up more than other stocks, +1.77 percent, to close at $73.59. Deer Valley fell more than other covered stocks, -6.67 percent to close at $0.70.

Affiliated Managers Group Inc. (AMG) $179.54 -1.15 (-0.73%).

Berkshire Hathway (BRKA) including manufactured home producer Clayton Homes, Vanderbilt Mortgage and Finance, HomeFirst Agency $198,100 -1,315.00 (-0.66%).

Cavco Industries,Inc. (CVCO) $73.59 +1.28 (+1.77%)

Deer Valley Corporation (DVLY) $0.70 -0.05 (-6.67%)

Drew Industries, Inc. (DW) $56.01 +0.88 (+0.14%)

Equity LifeStyle Properties (ELS) $57.35 +0.23 (+0.41%)

Killam Properties, Inc. (KMP.TO) $10.01 -0.01 (-0.10)

Liberty Homes Inc. (LIBHA) $0.02 0.00 (0.00%)

Louisiana Pacific Industries (LPX) $16.68 +0.13 (+0.79%)

Nobility Homes Inc. (NOBH) $10.20 0.00 (0.00%)

Patrick Industries, Inc. (PATK) $45.77 0.00 (0.00%)

Skyline Corp. (SKY) 2.96 -0.13 (-4.21%)

Sun Communities, Inc. (SUI) $66.95 +0.68 (+1.03)

Third Avenue Value Institutional (TAVFX) $52.48 +0.68 (+1.31%)

UMH Properties, Inc. $9.11 -0.01 (-0.11%)

Universal Forest Products, Inc. (UFPI) $62.51 +0.44 (+0.71%) ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

 

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