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Closing Glance: Investment Banks fall



16 May 2008 @ 04:07 pm EST

NEW YORK (AP) - Shares of investment banks fell Friday as the broader markets wavered when worries over rising oil prices outweighed a surprise jump in April home construction data.

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BSC 0 0
GS 178.89 0.1
MS 35.91 0.04
LEH 22.85 0.49
MER 31.12 -0.03

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Here's how shares of some investment banks fared:

Bear Stearns Cos. shares slipped 9 cents to $10.23.

Shares of Goldman Sachs Group Inc. declined $1.48, to $187.14.

Shares of Lehman Brothers Holdings Inc. declined $1.13, or 2.5 percent, to $43.64.

Merrill Lynch & Co. shares fell $1.12, or 2.2 percent, to $48.85.

Shares of Morgan Stanley fell 50 cents, to $47.21.

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 This material may not be published, broadcast, rewritten or redistributed.

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