The Dow Jones Industrial Average climbed to its highest level in four months as investors apparently decided that the Federal Reserve’s interest rate cut will re-ignite the faltering economy.
The Dow gained 96 points, or 0.9%, on Thursday.
Meanwhile, the Nasdaq composite gained 10 points, or 0.4%, on Thursday.
Among RV company stocks, National RV shares fell $1.55, or 11%, to close at $12.01 on Thursday, because the company reported, shortly before the market opened, that it was only marginally profitable during the fourth quarter of last year.
Coachmen, which will report next week that it lost money during last year’s fourth quarter, saw its stock price lose 59 cents, or 5%, on Thursday, to close at $10.81.
However, Monaco shares went in the opposite direction. Its stock climbed $1.11, or 5%, to close at $21.74.
Here is a roundup of the other RV company stock activity on Thursday:
Fleetwood declined 51 cents to close at $13.50
Winnebago declined 21 cents to close at $18.10
Thor gained 90 cents to close at $25.90
Skyline gained 3 cents to close at $22.34
SMC gained 1/8 to close at 3 7/8
Holiday RV Superstores declined 1/16 to close at 3 11/16
Rexhall declined 3/16 to close at 6 1/16
Kit gained 2 cents to close at $3.62
Coast Distribution was unchanged at 96 cents
Featherlite was unchanged at 2 11/16
Spartan Motors was unchanged at 2 1/2
Starcraft declined 1/4 to close at 1 7/8