Opening Glance: Machinery stocks fall with broader market
NEW YORK—Shares of machinery companies fell in early trading Tuesday, along with the overall market, following the release of reports showing drops in consumer confidence and housing prices.
Also late Monday, Manitowoc Co. said its first-quarter profit jumped 60 percent, but backed a fiscal year profit guidance below Wall Street predictions.
Here's how some machinery stocks were doing in early trading:
Manitowoc Co., down $2.80, or 6.9 percent, at $37.66.
Terex Corp., down $2.36, or 3.3 percent, at $70.18.
Cummins Inc., down 61 cents at $57.41.
Caterpillar Inc., down 81 cents at $82.22.
Deere & Co., down $2.11, or 2.4 percent, at $87.42.
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