0.10%QQQQ 44.63 
0.18%XLF 19.94 0.35%
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NEW YORK (AP) - Shares of machinery companies fell Tuesday along with the broader market on disappointing earnings news and a jump in oil prices.
| FNM | 18.78 |  -0.65 |
| DHI | 10.55 | -0.05 |
| MTW | 27.58 | -1.25 |
| TEX | 45.92 | -1.3 |
| CMI | 61.72 | -0.05 |
| CAT | 70.31 | -0.11 |
| DE | 68.45 | -1.8 |
Government-sponsored mortgage company Fannie Mae, homebuilder D.R. Horton Inc. and Swiss bank UBS all reported quarterly losses. Meanwhile, crude oil rose to a record $121.49 on the New York Mercantile Exchange, marking the first time oil has traded above $121.
How some machinery stocks were doing in early trading:
Manitowoc Co., down 72 cents to $38.65.
Terex Corp., up 13 cents to $72.33.
Cummins Inc., down 3 cents to $67.79.
Caterpillar Inc., down 9 cents to $82.66.
Deere & Co., down 17 cents to $84.20.
Citigroup suggests that inflation and the fabrication outlook favor gold.
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