General Motors Corp. and Energy Conversion Devices Inc. , while the broader market declined as many investors deferred decisions on stocks until after Tuesday's U.S. presidential election. The Detroit News. The Bloomberg Michigan Index fell 0.64, or 0.4 percent, to 146.70.
Gridlocks are great for stocks.
The other auto-company stocks also declined. The shares have increased 58 percent this year amid investor optimism about SPX's Inrange Technologies Corp. unit, which makes computer networking and switching equipment. Johnson Controls Inc. bought a 15 percent stake in the Holland-based company from Heartland Advisers Inc.