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Opening Glance: Specialty retailers drop on earnings, oil



By AP
06 May 2008 @ 10:59 am EST

NEW YORK - Specialty retail shares mostly fell in early trading Tuesday as several big-name companies, including homebuilder D.R. Horton, reported disappointing earnings.

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Quotes
OMX 14.67 0.55
LOW 21.2 0.56
GPS 17.21 0.55
TJX 34 -1

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Crude oil prices also jumped to a record high, trading above $121 for the first time.

Here's how some specialty retailers were trading:

OfficeMax Inc. fell 47 cents to $18.26.

Lowe's Cos. dipped 44 cents to $25.01.

Gap Inc. dropped 4 cents to $18.23.

TJX Cos. Inc. rose 6 cents to $31.40.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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