Opening Glance: Shares of household durables slide
NEW YORK—Household durables stocks fell Wednesday morning after the Commerce Department said the economy grew only 0.6 percent in the first quarter, due in part to housing and credit woes.
Meanwhile, the broader market gained ahead of a decision from the Federal Reserve, which is widely expected to cut a key interest rate as it wraps up a two-day meeting later Wednesday.
Here's how some stocks of household durables companies are trading:
Black & Decker Corp., down 89 cents to $66.89.
Whirlpool Corp., down 34 cents to $74.11.
Snap-on Inc., down 21 cents to $60.14.
Stanley Works, down 45 cents to $49.07.
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