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Opening Glance: Electrical equipment declines



By AP
03 July 2008 @ 10:36 am EST

NEW YORK - Shares of electrical equipment companies opened mixed on Thursday as the broader market fluctuated following a fresh record in oil prices and a weaker-than-expected reading on the service sector.

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Quotes
WCC 26.67 -0.76
EMR 37.44 -0.76
CBE 32.3 -1.17
GTI 10.67 -0.95

SYMBOL LOOKUP

The Institute for Supply Management said its index of activity in the service sector in June fell to 48.2 from 51.7 in May, lower than analyst estimates.

How some shares of electrical equipment makers are faring:

Graftech International Ltd., down $1.48, or 6.2 percent, to $22.48.

Wesco International Inc., down 29 cents to $36.59.

Emerson Electric Co., up 51 cents to $48.65.

Cooper Industries Ltd., up 38 cents to $37.49.

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 This material may not be published, broadcast, rewritten or redistributed.

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