Closing Glance: Electrical equipment makers slip

FedEx said weakening demand and higher fuel costs would weigh on its 2009 earnings after the package shipper posted a fourth-quarter loss of $241 million, or 78 cents per share.

Meanwhile, oil prices advanced in afternoon trading on the New York Mercantile Exchange after the Energy Department said gasoline supplies fell last week.

Here's how some shares of electrical equipment makers performed:

Thomas & Betts Corp., down 71 cents to $38.51.

Wesco International Inc., down 20 cents to $41.98.

Commscope Inc., down 45 cents to $54.25.

Flextronics International Ltd., down 30 cents, or 2.8 percent, to $10.35.