Stocks Lower on Day 2 of Shutdown

Investor exasperation with the situation in Washington took its toll on the stock market and the Mortgage Industry Equity Composite. Day 2 of the shutdown saw the Dow Jones Industrial Average posting a loss of 59 points and 12 out of 17 Mortgage Industry Equity Composite stocks close lower than they did on Tuesday.

Redwood Trust lost 2.68% from its Tuesday close. Home Loan Servicing Solutions was down 2.01% and Astoria Financial was down 1.9%.

PHH had the largest percentage gain, up 2.82%. Ellie Mae was next, up 1.49%, and KB Home gained 1.36%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Stocks-Lower-Day-Two-Shutdown-1039184-1.html

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