14.52%QQQQ 35.13 12.16%XLF 16.28 7.81%
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NEW YORK - Shares of electrical equipment companies closed higher on Thursday as the broader market rose following a downturn in crude oil prices.
Light, sweet crude for July delivery fell fell $4.06 to $132.62 per barrel on the New York Mercantile Exchange after China disclosed plans to raise fuel prices, which could lead to lowered demand.
How some shares of electrical equipment makers fared:
Graftech International, up 23 cents to $27.02.
Molex Inc., up 50 cents to $27.49.
Cooper Industries Ltd., down 13 cents to $42.52.
Baldor Electric Co., up $1.23, or 3.2 percent, to $39.52.
Investor Julian Roberts believes the poor economy could last as long as 10 to 15 years, according to CNBC.
Joey Chestnut set a new fast-eating record when he ate 45 pizza slices in 10 min...
Oil prices rebounded from a 13-month low to rise above $81 a barrel Monday in As...
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