Motorhome Manufacturers Win on Wall Street

» Published: September 24 2024

Motorhome Manufacturers Win on Wall Street
Photo: Richard Drew/AP/TT

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The New York Stock Exchange's broad S&P 500 index fluctuated up and down on Tuesday after an unexpectedly weak report on consumer confidence in the USA. Generally, confidence decreased in September, contrary to what analysts had predicted. Among other things, many Americans are worried about the labor market situation.

The S&P 500 closed at a plus of 0.3 percent, the Dow Jones industrial index rose 0.2 percent, and the technology-heavy Nasdaq composite index increased 0.6 percent.

One of the winners was Thor Industries, which, among other things, manufactures motorhomes. The stock rose 6.2 percent after a mixed interim report, which showed higher profit and revenue than expected. On the other hand, the company warned that the coming year may be problematic since demand for motorhomes appears to be weakening.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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