Log in to your IBTimes Account

close
ID
Password

Closing Glance: Construction companies decline



By AP
07 July 2008 @ 04:30 pm EST

NEW YORK - Shares of construction and engineering companies closed lower on Monday as the broader market gave up early gains following a negative take on the economy from a Federal Reserve official.

Related Topic

Get stories by e-mail on this topic.

E-mail:
Quotes
URS 48.37 0
PCR 27.04 -0.52
KBR 24.6 -0.2
PWR 32.22 -0.23

SYMBOL LOOKUP

In a speech, San Francisco Federal Reserve President Janet Yellen said that problems with the U.S. housing and banking sectors could worsen before the economy recovers, according to media reports.

Here's how some shares of construction and engineering shares performed:

URS Corp., down 92 cents, or 2.4 percent, to $36.89.

Perini Corp., down $1.68, or 6.2 percent, to $25.55.

KBR Inc., down 64 cents, or 2 percent, to $31.21.

Quanta Services Inc., down 56 cents to $29.96.

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 This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register



advertisement
More Industries
Standard & Poor's Ratings Services said Friday it revised its outlook on Koppers Inc. to "positive" from "stable" and affirmed all ratings for the compan...
Boeing Co.'s machinists union plans to issue a recommendation to its members Friday about a proposed labor contract the aerospace company calls its "best...
Retail gas prices swung higher Friday--the first increase in 43 days--as analysts warned that a direct hit on U.S. energy infrastructure by Tropical Stor...

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

advertisement
 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives