The news that Larry Summers withdrew his bid to be the next Federal Reserve Chairman sent the S&P surging towards a new high in today’s trading, while the Dow spiked over 100 points and the Nasdaq nudged down. CNNMoney reports the Dow gained 118.72 points, +0.77 percent, to close at 15,494.78. Meanwhile, the Nasdaq dropped 0.12 percent, -4.33 points to end the day at 3,717.85, while the S&P gained +0.57 percent, +9.61 points, to finish at 1,697.60. The Yahoo! Finance Manufactured Housing Composite gained +1.45 percent to end today’s session at 1890.2. Housing stocks we track closed mixed or even. Louisiana Pacific Corp. advanced the most of tracked stocks, +5.32 percent, +0.92, to end the day at 18.03, while Universal Forest Products, Inc. fell the most of stocks we follow, -1.63 percent, -0.66, to finish at 39.74. Affiliated Managers Group 185.38 +0.94 (+0.51%). Cavco Industries, Inc. 57.46 -0.60 (-1.03%). Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway 172,500 +2,345.00 (+1.38%). Deer Valley remained unchanged at 0.65. Drew Industries, Inc. 40.90 -0.38 (-1.16%). Equity LifeStyle Properties 35.30 +0.72 (+2.08%). Liberty Homes remained unchanged at 0.60. Nobility Homes remained at 8.35. Patrick Industries 29.30 +0.31 (+1.07%). Skyline Corp. 4.80 +0.01 (+0.21%). Sun Communities, Inc. 45.01 -0.10 (-0.22%). Third Avenue Value Fund (Sept 13) 56.91 +0.05 (+0.09%). UMH Properties, Inc. 9.55 -0.03 (-0.31%).

(Graphic credit: CNNMoney and RealTick)