Government Gridlock over Shutdown and Debt Ceiling Stalls Stocks

Investors stepped back from the market today, concerned about the possible shutdown of the government and the debt ceiling controversy, as all three major indexes declined. CNNMoney reports the Dow dropped -61.33 points, -0.40 percent, to close at 15,273.26. Meanwhile, the Nasdaq nudged down -0.19 percent, -7.15 points to end today’s trading at 3,761.10, while the S&P lost -0.27 percent, -4.65 points, to close at 1,692.77. The Yahoo! Finance Manufactured Housing Composite advanced +0.27 percent to end today’s session at 2006.4. Housing stocks we track closed mixed or even, but Patrick Industries, Inc. gained +3.41 percent, +1.02 percent, to end the day at 30.79. Cavco Industries, Inc. edged down the most of tracked stocks, -1.70 percent, -1.00, to finish at 57.89. Affiliated Managers Group 183.42 -0.88 (-0.48%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 173,368 +868.00 (+0.50%). Deer Valley remained unchanged at 0.65. Drew Industries remained unchanged at 43.84. Equity LifeStyle Properties 34.87 +0.20 (+0.58%). Liberty Homes remained unchanged at 0.60. Louisiana Pacific Corp. 17.39 -0.12 (-0.69%). Nobility Homes remained unchanged at 9.00. Skyline Corp. 5.00 +0.03 (+0.60%). Sun Communities, Inc. 44.58 -0.19 (-0.42%). Third Avenue Value Fund (Sept. 24) 57.62 -0.04 (-0.07%). UMH Properties, Inc. 10.05 +0.14 (+1.41%). Universal Forest Products, Inc. 42.04 +0.17 (+0.41%).

(Graphic credit: CNNMoney and RealTick)

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