Speculation that the Federal Reserve will lower interest rates sometime before its next regularly scheduled meeting on March 20 fueled a rally on Wall Street Monday.
Most RV stocks, including the Big 6 RV manufacturers – Fleetwood, Winnebago, Thor, Coachmen, Monaco and National RV – also posted gains.
The Nasdaq climbed 46 points, or 2%, while the Dow Jones Industrial Average soared 201 points, or 1.9%, on Monday.
Meanwhile, RV company stocks were mixed and here is a roundup of the activity:
Fleetwood gained 5 cents to close at $13.05
Winnebago gained 52 cents to close at $17.62
Thor gained 85 cents to close at $25.15
Coachmen gained 23 cents to close at $11.43
Monaco gained 39 cents to close at $20.95
National RV gained 4 cents to close at $11.00
Skyline gained 50 cents to close at $24.35
SMC was unchanged at 3 1/4
Holiday RV Superstores declined 1/16 to close at 4 1/8
Rexhall was unchanged at 6
Kit was unchanged at $3.75
Coast Distribution was unchanged at 75 cents
Featherlite was unchanged at 2
Spartan Motors declined 3/16 to close at 3 3/16
Starcraft gained 1/32 to close at 1 29/32