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Closing Glance: Electrical equipment makers sink



By AP
27 June 2008 @ 04:15 pm EST

NEW YORK - Shares of electrical equipment companies closed mostly lower as the broader market dipped amid a record-breaking spike in crude-oil prices and continued concern over the financial sector.

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Quotes
AVT 19.95 -1.32
RBC 33.32 -2.38
FLEX 5.27 -0.45
MOLX 18.14 -1.06

SYMBOL LOOKUP

Light, sweet crude for August delivery rose as high as $142.99 on the Nymex, before pulling back to settle at $140.21.

How some electrical equipment makers fared:

Avnet Inc., down 77 cents, or 2.7 percent, to $27.55.

Regal Beloit Corp., down 88 cents, or 2 percent, to $42.34.

Flextronics International Ltd., down 23 cents, or 2.4 percent, to $9.47.

Molex Inc., down 46 cents to $24.76.

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 This material may not be published, broadcast, rewritten or redistributed.

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