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S&P 500 Leaders and Laggards: ECL FRE AMGN FHN FDO



By AP
03 July 2008 @ 03:10 pm EST

NEW YORK - The Standard & Poor's 500 Index ended Thursday's shortened session nearly unchanged, with Ecolab Inc. taking the biggest gain.

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The S&P 500 edged up 1.38 points to close at 1,262.90.

Ecolab, which provides cleaning and pest control services, said that shareholder Henkel AG & Co. intends to sell part or all of its investment in the company, and that three directors picked by Henkel have quit.

Shares of Ecolab gained $2.04, or 4.8 percent, to $44.48.

Biotechnology company Amgen Inc. gained $2, or 4.1 percent, to $50.84.

Family Dollar Stores Inc. added 57 cents, or 2.6 percent, to $22.52 after the discount store chain posted fiscal third-quarter earnings that beat expectations. The retailer also raised its fourth-quarter and full-year outlook.

Among the decliners, shares of Freddie Mac lost $1.42, or 8.9 percent, to $14.50. They hit a 13-year low of $14.35 in intraday trading. The mortgage buyer said Thursday that rates on 30-year fixed-rate mortgages averaged 6.35 percent this week, down from 6.45 percent last week.

Shares of regional bank First Horizon National Corp. lost 60 cents, or 7.8 percent, to $7.07. They touched an all-time low of $6.65 earlier in the session.

AK Steel Holding Corp. gave up $3.86, or 6.8 percent, to $52.79. The company said Thursday it will add a $905 per ton surcharge to invoices for electrical steel products shipped in August.

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 This material may not be published, broadcast, rewritten or redistributed.

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