Investors thought the first quarter was terrible but the second quarter has gotten off to an even worse start.
Both the Dow Jones Industrial Average and Nasdaq composite posted big losses Tuesday. The Dow fell 292 points, or 3%, and the Nasdaq plunged 110 points, or 6.2%, as a new round of earnings warnings sparked a sell-off.
Monaco was one of the companies issuing a warning to Wall Street Tuesday that its first and second quarter earnings will come in below market analysts’ expectations. Monaco stock fell $1.27, or 7%, to close at $16.48.
Here is a roundup of the other RV company stock activity Tuesday:
Fleetwood declined 22 cents to close at $8.78
Winnebago declined 45 cents to close at $16.50
Thor declined 30 cents to close at $21.10
Coachmen gained 6 cents to close at $8.95
National RV was unchanged at $8.49
Skyline gained 29 cents to close at $21.51
SMC gained 3/8 to close at 3 3/8
Holiday RV Superstores declined 1/16 to close at 3 1/2
Rexhall declined 3/8 to close at 4 5/8
Kit was unchanged at $3.10
Coast Distribution was unchanged at 64 cents
Featherlite declined 1/16 to close at 1 15/16
Spartan Motors declined 3/8 to close at 2 3/4
Starcraft declined 1/4 to close at 1 1/8