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Closing Glance: Broadline retailers



By AP
02 July 2008 @ 04:04 pm EST

NEW YORK - Shares of broadline retailers fell on Wednesday as energy prices rose once again.

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WMT 50.95 -0.44
TGT 37 -0.53
COST 53.9 -0.5
M 9.92 -1.54

SYMBOL LOOKUP

Crude oil hit a record $144.15 a barrel before pulling back to settle at $143.57, up $2.60 on the New York Mercantile Exchange. The Energy Department reported Wednesday that U.S. crude oil supplies fell more than expected last week.

Here's how broadline retailers fared on Wednesday:

Wal-Mart Stores Inc., down 53 cents to $56.50

Target Corp., down 84 cents to $46.69

Costco Wholesale Corp., down 42 cents to $72.13

Macy's Inc., down 52 cents, or 2.7 percent, to $18.83

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 This material may not be published, broadcast, rewritten or redistributed.

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