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Opening Glance: Specialty retailers rise

By Associated Press May 7, 2008

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Shares of specialty retailers rose in morning trading Wednesday as investors digested mixed economic data, including a National Association of Realtors report showing pending sales of existing homes fell 1 percent in March.

Meanwhile, the Labor Department said labor costs rose in the first quarter at a lower rate than in the previous quarter, signaling some possible relief from inflation.

Here's how some specialty retailers fared in morning trading:

OfficeMax Inc. rose 29 cents to $19.01.

Lowe's Companies Inc. rose 35 cents to $25.76.

Gap Inc. rose 8 cents to $18.65.

TJX Cos. Inc. rose 38 cents to $32.42.

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DocumentId: 639379, ~/articles/articlehandler.aspx, 5/17/2008 3:01:13 AM

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