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Opening Glance: Aerospace and Defense stocks fall



By AP
16 May 2008 @ 10:36 am EST

NEW YORK - Aerospace and defense stocks fell in Friday morning trading, as the markets were pressured by falling consumer confidence and rising oil prices.

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Quotes
PCP 98.92 -3.66
NOC 68.12 1.41
BA 66.72 -2.54
UTX 65.78 0.51
COL 49.17 0.94
GD 89.27 5.82
GR 46.35 2.24
HON 52.73 0.41
LLL 95.65 2.46
LMT 106.84 2.96
RTN 57.46 0.69

SYMBOL LOOKUP

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.

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 This material may not be published, broadcast, rewritten or redistributed.

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