The major stock market indexes declined Tuesday once investors concluded, based upon testimony from Fed Chairman Alan Greenspan, that interest rates will not be cut again until late March.
The Nasdaq composite fell 62 points, or 2.5%, while the Dow Jones Industrial Average slid 43 points, or 0.4%.
RV company stocks closed mixed despite the government’s report Tuesday that retail sales rose a surprisingly strong 0.7% in January.
Retail sales climbed only 0.1% in December and most analysts expected a 0.5% gain last month.
Here is a roundup of the RV company stock activity on Tuesday:
Fleetwood gained 53 cents to close at $13.93
Winnebago declined 10 cents to close at $17.55
Thor declined 10 cents to close at $25.50
Coachmen declined 20 cents to close at $10.30
Monaco gained 1 cent to close at $19.76
National RV declined 19 cents to close at $10.91
Skyline gained 1 cent to close at $22.86
SMC was unchanged at 3 13/16
Holiday RV Superstores declined 1/32 to close at 4
Rexhall gained 1/4 to close at 6 1/2
Kit was unchanged at $3.75
Coast Distribution gained 2 cents to close at 77 cents
Featherlite declined 1/8 to close at 2 23/32
Spartan Motors declined 1/16 to close at 2 11/16
Starcraft gained 1/4 to close at 2 3/8