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Opening Glance: Specialty retailers mainly fall



By AP
11 July 2008 @ 10:47 am EST

NEW YORK - Shares of specialty retailers mainly fell with the overall market Friday morning as oil prices hit a record high of $147 a barrel.

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FNM 1 -0.1
FRE 1.14 -0.11
OMX 5.19 -0.87
LOW 18.14 -1.03
GPS 12.91 -1.48
TJX 25.85 -1.27

SYMBOL LOOKUP

Investors were also digesting speculation that a government bailout of mortgage companies Fannie Mae and Freddie Mac may be in the works. The talk led investors to again fear that economy's troubles were far from over.

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

OfficeMax Inc. fell 53 cents, or 4.5 percent, to $11.31.

Lowe's Cos. fell 62 cents, or 3.2 percent, to $18.80.

Gap Inc. fell 55 cents, or 3.5 percent, to $15.40.

TJX Cos. fell a penny to $31.63.

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 This material may not be published, broadcast, rewritten or redistributed.

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