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Closing Glance: Specialty retailers fall



By AP
07 July 2008 @ 04:15 pm EST

NEW YORK - Shares of specialty retailers fell Monday ahead of the second-quarter earnings season.

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Quotes
OMX 5.88 0.08
LOW 17.9 -0.35
GPS 13.82 -0.07
TJX 25.65 0.5

SYMBOL LOOKUP

Aluminum producer Aloca Inc. will report its results on Tuesday. Investors will be watching companies' earnings reports to see how well profits are holding up amid record-high oil prices and inflation.

Investors were also digesting comments from the president of the San Francisco Federal Reserve warning that problems in the housing market could get worse before they get better.

Here is a look at how shares of some key specialty retailers closed:

OfficeMax Inc., down 15 cents at $13.83

Lowe's Cos., down 13 cents at $20.09

Gap Inc., down 59 cents, or 3.6 percent, at $15.86

TJX Cos. Inc., down 10 cents at $31.13

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 This material may not be published, broadcast, rewritten or redistributed.

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