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Closing Glance: Electrical equipment declines



By AP
23 June 2008 @ 04:14 pm EST

NEW YORK - Shares of electrical equipment companies closed mostly lower on Monday as investors focused on a jump in oil prices and awaited the Federal Reserve's meeting that starts Tuesday.

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Quotes
FLEX 4.97 -0.31
BEZ 22.54 1.89
EMR 33.38 -0.62
MOLX 16.48 -0.27

SYMBOL LOOKUP

Light, sweet crude for August delivery added $1.38 to settle at $136.74 a barrel on the New York Mercantile Exchange.

Here's how some shares of electrical equipment companies fared:

Flextronics International Ltd., down 35 cents, or 3.4 percent, to $9.81.

Baldor Electric Co., off 31 cents to $38.11.

Emerson Electric Co., down 28 cents to $53.63.

Molex Inc., up 6 cents to $26.82.

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 This material may not be published, broadcast, rewritten or redistributed.

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