Closing Glance: Machinery Stocks Decline

The Commerce Department said durable goods orders fell 1.7 percent last month, the second straight monthly decline in the economic indicator. The market had expected orders to rise.

The declines reflected a dip in the broader markets, where investors were also concerned about a report showing new home sales declined to a 13-year low.

Here's how some machinery stocks closed Wednesday:

Terex Corp., down 92 cents to $64.09.

Cummins Inc., down $2.01, or 3.9 percent, to $50.06.

Dover Corp., down 63 cents at $42.13.

Deere & Co., down $1.42 at $80.82.

Paccar Inc. down 87 cents at $46.10.