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Opening Glance: Shares of household durables fall



By AP
16 June 2008 @ 10:07 am EST

NEW YORK - Household durables stocks dropped Monday morning after a decline in regional manufacturing and a jump in oil prices created fresh concerns about the health of the economy.

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Quotes
BDK 54.77 -1.1
WHR 70.79 -0.34
SWK 37.51 -2.22
SNA 46.23 -2.3

SYMBOL LOOKUP

Light, sweet crude for July delivery rose to $139.89 before retreating to trade up $3.90 at $138.76 a barrel on the New York Mercantile Exchange.

The New York Federal Reserve Bank's Empire State index indicates that manufacturing activity in New York State continued to weaken in June.

Here's how some stocks of household durables companies are trading:

Black & Decker Corp., down 12 cents to $60.15.

Whirlpool Corp., down 57 cents to $67.95.

Snap-on Inc., down 81 cents to $57.99.

Stanley Works, down 37 cents to $47.97.

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 This material may not be published, broadcast, rewritten or redistributed.

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