Government Shutdown Stifles Stocks

As the government shutdown passes through its second day, investors fear the impending debt ceiling crisis may have wide-ranging effects on the economy and financial markets, leading the three major indexes to fall. CNNMoney reports the Dow dropped -58.56 points, -0.39 percent, to close at 15,133.14. Meanwhile, the Nasdaq nudged down -0.08 percent, -2.96 points to end today’s trading at 3,815.02, while the S&P fell 0.07 percent, -1.13 points, to close at 1,693.87. The Yahoo! Finance Manufactured Housing Composite remained steady at 2061.4 for the second straight day. Housing stocks we track in today’s trading closed mixed, although Third Avenue Value Fund (Oct.1) edged up +0.58 percent, +0.33, to end the day at 57.32. Patrick Industries, Inc. moved down the most of stocks we follow, -2.21 percent, -0.67, to finish at 29.89. Affiliated Managers Group 185.84 +0.84 (+0.45%). Cavco Industries 57.54 -0.21 (-0.36%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 171,500 +472.00 (+0.28%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 46.52 -0.45 (-0.96%). Equity LifeStyle Properties 34.37 -0.01 (-0.03%). Liberty Homes remained unchanged at 0.60. Louisiana Pacific Corp. 18.07 -0.09 (-0.50%). Nobility Homes remained at 8.99. Skyline Corp. 4.99 -0.01 (-0.20%). Sun Communities, Inc. 43.74 -0.53 (-1.20%). UMH Properties, Inc. 10.01 -0.08 (-0.79%). Universal Forest Products, Inc. 42.12 -0.44 (-1.03%).

(Graphic credit: CNNMoney and RealTick)

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