Shares of most machinery companies fell Friday, along with the broader market, as worries about a new record for oil prices outweighed a surprising jump in new home construction.
Light, sweet crude oil surged above $127 a barrel for the first time Friday. At the same time, the government said construction of new homes rose 8.2 percent in April, marking the largest monthly advance in more than two years.
Here's how some machinery stocks were doing in early trading:
Manitowoc Co., up 77 cents at $41.48.
Terex Corp., up 59 cents at $73.45.
Cummins Inc., down 90 cents at $72.37.
Caterpillar Inc., down 9 cents at $83.41.
Deere & Co., down 42 cents at $83.19.
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