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Engineering shares fall as House defeats package



By AP
29 September 2008 @ 03:25 pm EST

NEW YORK - Shares of engineering companies fell Monday after the House rejected a $700 billion emergency bill intended to rescue the faltering financial industry.

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Quotes
SGR 13.88 1.82
JEC 29.36 3.09
KBR 10.45 0.59

SYMBOL LOOKUP

The Dow Jones index was off by 538 points as investors worried that credit markets will seize up without a government plan to buy up bad mortgages.

Shaw Group Inc. fell to $27.86, down by $4.79. Fluor Group Inc. tumbled to $48.22, down $7.29. Jacobs Engineering Group Inc. dropped $47.99, down $7.05. KBR Inc. was down $2.39, to $13.81. Foster Wheeler Limited fell $32, off by $5.90, and Emcor Group Inc. was down $2.57, to $25.25.

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 This material may not be published, broadcast, rewritten or redistributed.

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