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Closing Glance: Electrical equipment ends higher



15 May 2008 @ 04:28 pm EST

NEW YORK (AP) - Shares of electrical equipment companies closed higher on Thursday as broader markets were boosted by a stream of economic data that showed the U.S. economy may be in better shape than some thought.

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Quotes
JBL 16.29 0.15
RBC 40.2 0.25
ITRI 96.57 -0.23
FLEX 8.86 0.14

SYMBOL LOOKUP

The Labor Department said jobless claims grew last week, in line with analyst estimates. And Federal Reserve Chairman Ben Bernanke said in a speech he was "encouraged" by recent efforts by banks to raise cash and ease the credit crisis.

Here's how some shares of electrical equipment stocks performed:

Jabil Circuit Inc., up 25 cents, or 2.2 percent, to $11.68.

Regal Beloit Corp., up 86 cents to $46.50.

Itron Inc., up $2.53, or 2.8 percent, to $92.59.

Flextronics International Ltd., up 14 cents to $10.87.

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 This material may not be published, broadcast, rewritten or redistributed.

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