Closing Glance: Shares of household durables mostly rise
NEW YORK—Household durables stocks mostly rose Friday as Whirlpool Corp. and Stanley Works bounced back after earnings disappointments sent their shares down Thursday, and the broader markets pushed for a rally despite weak consumer confidence data.
Elsewhere, Black and Decker Corp. said it would lay off 700 people, or about 3 percent of its work force, and close an Arkansas plant after first-quarter earnings fell nearly 38 percent.
Here's how some stocks of household durables companies traded:
Black & Decker fell 31 cents to $67.58.
Whirlpool rose $2.51, or 3.4 percent, to $76.40.
Snap-on Inc. gained $2.73, or 4.8 percent, to $59.80.
Stanley Works added 61 cents to $48.93.
© Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
