Dow Dips as Moody, S&P Warn of U.S. Credit Downgrade

obama-white-house.09The Dow dropped 91.50 or .073% to close at 12,501.30 today. The dip came on the heels of Moody’s and S&P’s renewed warning they may downgrade the U.S. Credit rating over the debt ceiling issue.  Most manufactured housing stocks also fell. Berkshire Hathaway (parent of Clayton Homes) dropped -.0.49. Cavco Industries slid -0.28. Deer Valley was unchanged at 0.55. Equity Lifestyle Properties declined -.024. Nobility dropped a modest -.0.03. Palm Harbor slid -.0072, for a total year to date decline of -85.60%. UMH Properties bucked the general downward trend by rising +0.12. Skyline lost -1.18 as Sun Communities nudged down -0.05. The Manufactured Housing Composite Index stood at 1004.8 today, with a dip of -2.69%.

(photo credit: CNN Money)

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