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NEW YORK - Shares of machinery companies rose slightly in early trading Monday, while the bulk of the market fluctuated, as investors weighed several possible deals, including billionaire investor Kirk Kerkorian's plans to make an offer that would expand his stake in Ford Motor Co. to 5.6 percent.
Investors also positioned themselves ahead of the Federal Reserve's policy-setting meeting Tuesday and Wednesday. The central bank is expected to cut interest rates by a quarter-point, then leave them steady for the balance of the year.
Here's how some machinery stocks were doing in early trading:
Manitowoc Co., up 30 cents at $39.15.
Terex Corp., up 96 cents to $71.17.
Cummins Inc., up $1.94, or 3.5 percent, at $58.
Caterpillar Inc., up 50 cents at $82.75.
Deere & Co., up 58 cents at $90.58.
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