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Sector roundup: Refiners, airlines



By AP
27 June 2008 @ 02:42 pm EST

Among the sector activity stories for Friday, June 27, from AP Financial News:

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MU 4.06 -0.45

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NEW YORK (AP)--Shares of petroleum refiners hit new 52-week lows Friday as the price of crude oil jumped past $142 a barrel to a record high.

NEW YORK (AP)--Shares of major airlines fell in Friday trading as crude oil contracts briefly touched a record high above $142 a barrel.

NEW YORK (AP)--Microchip stocks again headed lower Friday following Thursday's plunge, with Micron Technology Inc. falling after it posted a slightly larger loss for its fiscal third quarter, hurt by pricing pressures for certain flash memory products.

NEW YORK (AP)--Shares of corn-based ethanol producers tumbled Friday as the sector reeled from soaring corn costs and an expected wave of new ethanol capacity that is contributing to ethanol price volatility.

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 This material may not be published, broadcast, rewritten or redistributed.

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