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.
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.

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