Stocks Stutter as Congress Contends with Conflict

Investors shied away from the stock market again today as the gridlock in Congress over the potential government shutdown and the debt ceiling continued. CNNMoney reports the Dow dropped -70.06 points, -0.46 percent, to close at 15,258.24. Meanwhile, the Nasdaq slid -0.15 percent, -5.84 points to end today’s trading at 3,781.59, while the S&P lost -0.41 percent, -6.92 points, to close at 1,691.75. The Yahoo! Finance Manufactured Housing Composite nudged up +0.06 percent to end today’s session at 2075.5. Housing stocks we track closed mostly down or even, but Patrick Industries, Inc. gained the most of tracked stocks, edging up +0.83 percent, +0.25, to end the day at 30.25. Universal Forest Products, Inc. moved down the most of stocks we follow, -1.90 percent, -0.81, to finish at 41.81. Affiliated Managers Group 183.94 -0.88 (-0.48%). Cavco Industries 57.56 -0.74 (-1.27%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 172,210 -1,390.00 (-0.80%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 45.00 +0.24 (+0.54%). Equity LifeStyle Properties 34.63 -0.21 (-0.60%). Liberty Homes remained unchanged at 0.60. Louisiana Pacific Corp. 17.54 +0.08 (+0.46%). Nobility Homes remained unchanged at 9.00. Skyline Corp. remained steady at 4.98. Sun Communities, Inc. 43.33 -0.77 (-1.75%). Third Avenue Value Fund (Sept. 26) 57.49 -0.05 (-0.09%). UMH Properties, Inc. 9.98 -0.01 (-0.10%).

(Graphic credit: CNNMoney and RealTick)

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