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Closing Glance: Electrical equipment shares climb



By AP
25 June 2008 @ 04:11 pm EST

NEW YORK - Shares of electrical equipment companies closed higher as the broader markets got a boost from the Federal Reserve's decision to leave its key federal funds rate unchanged.

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Quotes
RBC 35.17 -1.63
CBE 30.98 -2.49
EMR 36.21 -1.99
WCC 25.5 -1.93

SYMBOL LOOKUP

The Fed's decision brings an end to a round of aggressive cuts earlier in the year.

How shares of some electrical equipment makers fared:

Regal Beloit Corp., up 48 cents to $45.78.

Cooper Industries Ltd., up 8 cents to $41.23.

Emerson Electric Co., up 11 cents to $51.08.

Wesco International Inc., up 24 cents to $42.48.

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 This material may not be published, broadcast, rewritten or redistributed.

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