Closing Glance: Machinery stocks close higher

Shares of machinery companies finished higher along with the broader market Monday as oil prices, supported by a stronger dollar, eased and alleviated concerns about accelerating inflation.

The price of light, sweet crude fell $1.73 to settle at $124.23 per barrel on the New York Mercantile Exchange.

Here's how some machinery stocks closed Monday:

Manitowoc Co., up $1.36, or 3.3 percent, to $42.18.

Terex Corp., up $1.32 to $72.55.

Cummins Inc., up $1.03 to $68.01.

Caterpillar Inc., up $2.06, or 2.5 percent, to $83.82.

Deere & Co., up $3.06, or 3.6 percent, to $89.37.