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Opening Glance: Specialty retailers fall



16 May 2008 @ 09:59 am EST

NEW YORK (AP) - Shares of specialty retailers fell early trading Friday even as investors digested a Commerce Department report showing new home construction rose more than 8 percent in April.

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OMX 13.98 -0.35
GPS 16.45 -0.24
TJX 31.23 0
LOW 20.22 -0.01

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Oil prices also rose to new high of $127.43 before pulling back slightly.

How some specialty retailers were trading:

OfficeMax Inc. fell 30 cents to $20.70.

Lowe's Companies Inc. dipped 38 cents to $24.76.

Gap Inc. dropped 34 cents to $18.84.

TJX Cos. slipped 35 cents to $31.69.

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 This material may not be published, broadcast, rewritten or redistributed.

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