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Opening Glance: Heavy construction shares rise

By Associated Press
July 9, 2008 | Comments (0)

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Shares of construction and engineering companies opened higher, shrugging off a downturn in the broader market as oil prices climbed after Iran test fired nine missiles.

Light, sweet crude for August delivery rose $1.44 at $137.48 a barrel on the New York Mercantile Exchange.

Here's how some shares of construction and engineering firms are faring:

Granite Construction Inc., up 44 cents to $32.93.

Chicago Bridge & Iron Co., up 45 cents to $37.69.

Jacobs Engineering Group Inc., up 42 cents to $75.33.

Shaw Group Inc., up $2.25 to $56.25.

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