Log in to your IBTimes Account

close
ID
Password

Opening Glance: Electrical equipment shares down



By AP
20 June 2008 @ 10:21 am EST

NEW YORK - Shares of electrical equipment companies opened lower on Friday as oil prices rose and worries persisted about the health of the financial sector.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
APH 44.51 0.12
WCC 38 0.07
AVT 27.42 0.26
EMR 44.22 -0.24

SYMBOL LOOKUP

Crude oil futures jumped $3.59 to $135.52 a barrel on the New York Mercantile Exchange. Meanwhile, Moody's Investor Service downgraded two of the nation's biggest bond insurers, and Merrill Lynch cut its earnings estimates and price targets on a number of banks.

Here's how some shares of electrical equipment makers are faring:

Amphenol Corp., down $1.33, or 2.7 percent, to $48.25.

Wesco International Inc., down 76 cents to $42.24.

Avnet Inc., down 99 cents, or 3.3 percent, to $28.86.

Emerson Electric Co., down 75 cents to $53.76.

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 This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Industries
Mortgage giants Fannie Mae and Freddie Mac--despite their robust cadre of economists and mortgage experts--failed to heed warnings that the most dramatic...
The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential campaign Saturday as ...
BHP Billiton is seeking approval to build a US$3.5 billion water desalinization plant to service its Escondida copper mine in northern Chile, one of the ...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives