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Closing Glance: Machinery



By AP
05 June 2008 @ 04:55 pm EST

NEW YORK - Shares of most machinery companies closed higher along with the broader market Thursday as better-than-expected retail sales and a drop in the number of laid-off workers seeking unemployment benefits offset a spike in oil prices.

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Quotes
PCAR 28.77 1.13
MTW 12.25 -0.3
CMI 31.99 -0.66
CAT 43.13 -1.67
DE 38.12 -0.88
TEX 19.06 -0.11

SYMBOL LOOKUP

Also on Thursday, UBS downgraded Paccar Inc. to "Sell" from "Neutral."

Here's how some machinery stocks fared Thursday:

Manitowoc Co., up $1.33, or 3.2 percent, to $42.34.

Paccar Inc., down 66 cents to $52.59.

Cummins Inc., down 31 cents to $69.98.

Caterpillar Inc., up 27 cents to $82.73.

Deere & Co., up $2.20, or 2.7 percent, at $82.85.

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 This material may not be published, broadcast, rewritten or redistributed.

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