Weary of Washington Negotiations, Stocks Nudge Down

The falling of initial jobless claims and rise in retail sales for November did not offset the ongoing concern about negotiations in Washington that are not going well regarding the impending fiscal cliff. CNNMoney reports the Dow Jones Industrial Average dropped -0.56 percent, -74.73 points, ending the day at 13,170.72. The Nasdaq lost -0.72 percent, -21.66 points, to close at 2,992.16, while the S&P nudged down +0.63 percent, -9.03 points, to close at 1,419.45. The Yahoo! Finance Manufactured Housing Composite lost -0.65 percent to close at 1178.5. Many of the housing stocks we follow closed down or even. Skyline Corp. gained the most of tracked stocks, +0.70 percent, +0.0285, to end the day at 3.93. Deer Valley fell the most of tracked stocks, -5.08 percent, -0.03, to close at 0.56. Affiliated Managers Group 127.76 -1.43 (-1.11%). Cavco Industries 48.33 -0.11 (-0.31%). Champion, Liberty Homes, and Palm Harbor all remained unchanged. Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 134,200 +200 (+0.15%). Drew Industries 30.64 -0.11 (-0.34%). Equity LifeStyle Properties 65.59 -0.79 (-1.19%). Louisiana Pacific Industries 17.17 -0.34 (-1.94%). Nobility Homes remained unchanged at 5.35. Patrick Industries, Inc. 15.04 -0.06 (-0.40%). Sun Communities, Inc. 38.66 -0.27 (-0.69%). Third Avenue Value Fund (Dec. 12) 49.97 +0.20 (+0.40%). Universal Forest Products, Inc. 36.27 -0.16 (-0.44%). UMH 9.91 -0.12 (-1.20%).

(Graphic credit: CNNMoney and RealTick)

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