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Opening Glance: Investment Banks wobble



By AP
10 July 2008 @ 09:55 am EST

NEW YORK - Shares of investment banks fluctuated between gains and losses after the opening bell Thursday, as continued worries over deterioration in the credit markets tempered a boost for the broader market from better-than-expected retail sales reports from discounters and recent merger activity.

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Quotes
LEH 16.27 0.4
MS 41.19 0.59
GS 164.34 2.51
MER 28.18 0.66

SYMBOL LOOKUP

Here's a look at how investment banks fared early Thursday:

Lehman Brothers Holdings Inc. lost 32 cents to $19.42, after hitting a new low of $18.75.

Merrill Lynch & Co. gained 43 cents to $30.17, after touching a new low of $29.08.

Morgan Stanley lost 14 cents to $33.85, after bottoming at a new low of $33.29.

Goldman Sachs Group Inc. added $1.85, to 170.87.

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 This material may not be published, broadcast, rewritten or redistributed.

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