Opening Glance: Heavy construction shares rise (AP)

Wednesday July 9, 10:19 am ET Heavy construction and engineering stocks advance amid better-than-expected Alcoa earnings NEW YORK (AP) -- 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... [read full story]