NEW YORK - Aerospace and defense stocks fell in Friday morning trading, as the markets were pressured by falling consumer confidence and rising oil prices.
A survey showed that consumer confidence reached its lowest point in almost 28 years in May, while oil prices reached record territory, passing $127 per barrel on the New York Mercantile Exchange.
Early trading in the sector included:
Precision Castparts Corp., down $1.18, to $124.67.
Northrop Grumman Corp. fell 25 cents to $74.88.
Boeing Co. lost 28 cents to $85.27.
United Technologies Corp. slipped 35 cents to $73.94.

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