Household durables stocks were mixed Thursday morning, reflecting the broader market, after an a weaker-than-expected reading of service sector activity and a continued rise in oil prices.
The Institute for Supply Management said its index of June service sector activity fell to 48.2 from 51.7 in May. Wall Street had expected the number would come in at 51. A reading below 50 signals contraction. Separately, crude prices climbed near $146 per barrel on the New York Mercantile Exchange.
Meanwhile, the unemployment rate for June held steady at 5.5 percent, largely on target with economists' forecasts.
Here's how some stocks of household durables companies are trading:
Black & Decker Corp., down 6 cents to $55.60.
Whirlpool Corp., gained 39 cents to $61.25.
Snap-on Inc., down 95 cents to $49.84.
Stanley Works, up 49 cents to $43.80.
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