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Opening Glance: Chemicals decline



By AP
08 July 2008 @ 10:29 am EST

NEW YORK - Shares of chemical companies declined on Tuesday after Federal Reserve chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks.

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Quotes
IMB 0.12 -0.16
DOW 34.29 -0.35
ROH 75.24 -0.03
CEM 6.61 -0.04
DD 44.61 -0.66

SYMBOL LOOKUP

Meanwhile, IndyMac Bancorp Inc. said it won't accept new mortgage loan submissions and revealed plans to cut 3,800 jobs, which is more than half its staff.

Here's how some stocks fared:

Dow Chemical Co. declined 14 cents to $34.07.

Rohm & Haas Co. declined 35 cents to $44.68.

Chemtura Corp. declined 5 cents to $5.59.

DuPont Co. declined 19 cents to $41.33.

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 This material may not be published, broadcast, rewritten or redistributed.

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