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Closing Glance: Specialty retailers fall

By Associated Press
July 7, 2008 | Comments (0)

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Shares of specialty retailers fell Monday ahead of the second-quarter earnings season.

Aluminum producer Aloca Inc. will report its results on Tuesday. Investors will be watching companies' earnings reports to see how well profits are holding up amid record-high oil prices and inflation.

Investors were also digesting comments from the president of the San Francisco Federal Reserve warning that problems in the housing market could get worse before they get better.

Here is a look at how shares of some key specialty retailers closed:

OfficeMax Inc., down 15 cents at $13.83

Lowe's Cos., down 13 cents at $20.09

Gap Inc., down 59 cents, or 3.6 percent, at $15.86

TJX Cos. Inc., down 10 cents at $31.13

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