Closing Glance: Electrical equipment makers sink

By Associated Press
June 27, 2008 | Comments (0)

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Shares of electrical equipment companies closed mostly lower as the broader market dipped amid a record-breaking spike in crude-oil prices and continued concern over the financial sector.

Light, sweet crude for August delivery rose as high as $142.99 on the Nymex, before pulling back to settle at $140.21.

How some electrical equipment makers fared:

Avnet Inc., down 77 cents, or 2.7 percent, to $27.55.

Regal Beloit Corp., down 88 cents, or 2 percent, to $42.34.

Flextronics International Ltd., down 23 cents, or 2.4 percent, to $9.47.

Molex Inc., down 46 cents to $24.76.

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