Both the Nasdaq composite and the Dow Jones Industrial Average recorded big losses Thursday as investors continue to worry about corporate earnings.
The Dow fell 119 points, or 1.1%, because several major banks and retailers have warned Wall Street recently that their earnings will be below expectations.
Meanwhile, the tech-heavy Nasdaq fell 94 points, or 3.3%, Thursday because Microsoft revealed its earnings will come in below Wall Street analysts forecasts. The fact Oracle, the database and corporate applications software giant and arch rival of Microsoft, beat Wall Street’s expectations was not enough to prevent the index from declining.
In comparison, the RV sector fared pretty well Thursday, although several major producers, including Fleetwood and Thor, continue to trade near their 52-week lows.
Here is a roundup of RV company stock activity Thursday:
Fleetwood declined 1/8 to close at 10 1/4
Winnebago declined 1/16 to close at 14
Thor declined 3/16 to close at 19 7/16
Coachmen gained 1/16 to close at 8 5/8
Monaco declined 9/16 to close at 17 3/16
National RV gained 7/16 to close at 9 7/16
Skyline gained 1/16 to close at 20 5/16
SMC was unchanged at 3 5/16
Holiday RV Superstores gained 1/16 to close at 4 7/16
Rexhall was unchanged at 5 9/16
Kit declined 1/4 to close at 4
Coast Distribution was unchanged at 13/16
Featherlite declined 1/16 to close at 1 13/16
Spartan Motors declined 1/16 to close at 2 3/4
Starcraft was unchanged at 2 1/2