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NEW YORK - Shares of paper and packaging companies mostly declined on Tuesday, following Wall Street lower after oil prices set a new record and new inflation fears cropped up.
Crude jumped above $129 a barrel, while a government report raised concern about inflation. The Labor Department reported wholesale inflation rose by 0.2 percent in April following a 1.1 percent jump in March.
Here's how some paper and packaging companies performed Tuesday:
Weyerhaeuser Co., down 91 cents to $65.97.
AbitibiBowater Inc., down 53 cents, or 4.9 percent, to $10.28.
MeadWestvaco Corp., down 16 cents to $26.08.
International Paper Co., down 53 cents, to $27.76.
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