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Opening Glance: Machinery stocks rise in early trading

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April 30, 2008

NEW YORK—Shares of machinery companies rose Wednesday, along with the broader market, ahead of the Federal Reserve's decision on interest rates and its assessment of the economy.

Also on Wednesday, diesel engine maker Cummins Inc. said its first-quarter profit jumped 33 percent, and the company backed its 2008 revenue guidance.

How some machinery stocks were doing in early trading:

Manitowoc Co., up 10 cents at $39.10.

Terex Corp., up 30 cents at $70.50.

Cummins Inc., up $4.78, or 8.3 percent, at $62.27.

Caterpillar Inc., up $1.24 at $82.75.

Deere & Co., up $1.22 at $85.31.

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