The S&P 500 snapped its 5 month winning streak today, says CNBC, with the energy sector down. Treasuries also retreated, following the ADP jobs report. A CNNMoney Op-Ed suggests that it is business that must lead the way to global recovery.
UMH Properties (UMH) led gainers, in the manufactured housing related report, below.
Daily Business News Market Tracker (Yahoo, CNBC):
DJIA closed at 18400.88, down -53.42 points or -0.29%.
NASDAQ continued down too, closing at 5213.22, losing -9.77 points or -0.19%.
S&P 500 finished the day at 2170.95, retreating -5.17 points or off -0.24%.
The Yahoo! Finance Manufactured Housing Composite Value (MHCV) gained ground today, beating the broader markets, by rising 1.96 (+0.14 percent), and settled at $1,377.06.
8.31.2016 Manufactured Housing Composite Value Ticker.
The MH-related tracked stocks biggest loser was Carlyle (CG) – featured in a report linked here, and the biggest gainer was UMH Properties (UMH), up 0.94 percent (see below). ELS and Cavco had featured reports, see respective links for more details.
*Note: the chart below includes stocks not included in the MHCV
Credit, Bloomberg ticker for manufactured housing industry connected stocks, to the Daily Business News –MHProNews.
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 are as shown.)
(Editor’s Note: Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).
MH Industry Market Report by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.