After Senate Majority Leader Harry Reid (D-NV) said Congress had made little progress in resolving the fiscal cliff that threatens to send the economy back into recession, a sell-off on the market caused U.S. stocks to close lower. CNNMoney reports the Dow Jones Industrial Average slipped -0.69 percent, -89.24 points, ending the day at 12,878.13. The Nasdaq dropped -0.30 percent, -8.99 points, to close at 2,967.79, while the S&P fell -0.52 percent, -7.35 points, to close at 1,398.94. The Yahoo! Finance Manufactured Housing Composite moved down -0.48 percent to close at 1177.3. Most housing stocks we track closed down or even. Gains were minimal. United Forest Products, Inc. gained the most of tracked stocks, +0.56%, +0.21, to close at 37.96. Patrick Industries fell the most of tracked stocks, losing -3.89%, -0.69, to close at 17.07. Affiliated Managers 128.32 +0.13 (+0.10%). Cavco Industries 49.04 -0.31 (-0.63%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 132,004 -407.00 (-0.31%). Champion, Liberty Homes, Deer Valley and Palm Harbor all remained unchanged. Drew Industries 32.66 -0.28 (-0.85%). Equity LifeStyle Properties 64.67 -0.15 (-0.23%). Louisiana Pacific Industries 17.03 -0.58 (-3.29%). Nobility Homes 5.20 -0.10 (-1.89%). Skyline Corp. 3.92 -0.04 (-1.01%). Sun Communities 38.12 -0.36 (-0.94%). Third Avenue Value Fund (Nov. 26) 48.63 +0.02 (+0.04%). UMH 10.01 -0.08 (-0.79%).
