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Opening Glance: Heavy construction shares gain



By AP
07 July 2008 @ 10:04 am EST

NEW YORK - Shares of construction and engineering companies started higher alongside the broader market as oil prices dipped and the dollar gained ground.

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Quotes
JEC 38.69 -5.91
PWR 19.06 -1.9
FWLT 26.95 -4.96
EME 21.06 -1.72

SYMBOL LOOKUP

Crude declined more than $5 to under $141 a barrel on the New York Mercantile exchange.

Here's how some shares of construction and engineering firms are faring:

Emcor Group Inc., up 28 cents to $25.72.

Jacobs Engineering Group Inc., up 17 cents to $78.45.

Quanta Services Inc., up 36 cents to $30.89.

Foster Wheeler Ltd., up $1.50 to $66.73.

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 This material may not be published, broadcast, rewritten or redistributed.

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