Closing Glance: Machinery shares close down as oil rises

By Associated Press May 9, 2008 Comments (0)

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Shares of machinery companies closed down Friday, along with the broader markets, as oil prices rose above $126 a barrel for the first time ever.

Light, sweet crude rose as high as $126.20 on the New York Mercantile Exchange before settling at a record $125.96.

Here's how some machinery stocks closed Friday:

Manitowoc Co., up 52 cents at $40.82.

Terex Corp., down 95 cents to $71.23.

Cummins Inc., down $1.14 at $66.98.

Caterpillar Inc., down 66 cents at $81.76.

Deere & Co., down 51 cents at $86.31.

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DocumentId: 642064, ~/articles/articlehandler.aspx, 7/6/2008 8:05:08 PM, No ticker

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