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Closing Glance: Machinery shares decline



By AP
20 June 2008 @ 04:42 pm EST

NEW YORK - Shares of machinery companies closed down Friday, as the overall market tumbled on escalating worries about the financial and automotive sectors and a jump in oil prices.

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Quotes
MTW 21.54 -0.48
TEX 38.31 0.29
CMI 59.46 1.36
CAT 64.07 0.13
DE 63.23 -0.27

SYMBOL LOOKUP

The major indexes fell more than 1.5 percent, and the Dow Jones industrial average closed below the 12,000 mark for the first time since mid-March.

How some machinery stocks closed Friday:

Manitowoc Co., down $1.49, or 3.8 percent, at $37.40.

Terex Corp., down $1.48, or 2.4 percent, at $61.48.

Cummins Inc., down $1.71, or 2.4 percent, at $70.66.

Caterpillar Inc., down 40 cents at $79.08.

Deere & Co., down $1.31 at $76.37.

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 This material may not be published, broadcast, rewritten or redistributed.

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