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Opening Glance: Machinery stocks fall



By AP
11 July 2008 @ 10:56 am EST

NEW YORK - Shares of machinery companies fell in early trading Friday, as the overall market tumbled on troubles at mortgage companies and more record oil prices.

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Quotes
MTW 25.61 0.21
TEX 50.4 2.02
CMI 67.37 2.64
CAT 71.68 2.12
DE 71.01 3.05

SYMBOL LOOKUP

The Dow Jones industrials fell more than 170 points and neared the 11,000 mark for the first time in two years.

Here's how some machinery stocks fared in morning trading:

Manitowoc Co., down $1.04, or 3.8 percent, to $26.22.

Terex Corp., up 9 cents to $43.55.

Cummins Inc., down $1.46, or 2.2 percent, to $64.64.

Caterpillar Inc., down 10 cents at $68.32.

Deere & Co., down $1.35, or 2.1 percent, at $64.49.

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 This material may not be published, broadcast, rewritten or redistributed.

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