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Sector Wrap: Agricultural equipment makers



By AP
29 September 2008 @ 04:10 pm EST

NEW YORK - Shares of agricultural equipment makers dropped sharply Monday along with the broader stock market, which reeled from the House of Representatives' defeat of a proposed $700 billion rescue of the nation's financial system.


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Republican vice presidential candidate, Alaska Gov. Sarah Palin, with her daughter Willow holding her son Trig, campaigns at a rally in Henderson, Nev., Tuesday, Oct. 21, 2008. Palin is giving the American Sign Language (ASL) hand sign for "I Love You". (AP Photo/Eric Jamison)
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CAT 34.67 1.83
DE 30.97 2.2
CNH 12.7 1.61
AG 23.9 3.32

SYMBOL LOOKUP

The Standard & Poor's 500 index fell 8 percent as investors watched Congressional leaders blame one another for the 228-205 defeat of the White House proposal.

Caterpillar Inc. fell $4.24, or 6.6 percent, to close at $59.89. The stock earlier hit a year low of $58.11.

Deere & Co. dropped $7.57, or 13.7 percent, to $47.76. Earlier, the stock set a new 52-week low of $46.18.

CNH Global NV's American Depositary Shares declined $6.23, or 23.8 percent, to $19.95 and AGCO Corp. gave up $4.86, or 10.6 percent, to $40.99.

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 This material may not be published, broadcast, rewritten or redistributed.

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