Jacobs Engineering Group Inc (J)

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Engineering shares fall as House defeats package

Monday September 29, 3:25 pm ET

Engineering shares fall after defeat by House of bailout bill

http://biz.yahoo.com/ap/080929/engineering_sector_snap.html?.v=1

NEW YORK (AP) -- Shares of engineering companies fell Monday after the House rejected a $700 billion emergency bill intended to rescue the faltering financial industry.

The Dow Jones index was off by 538 points as investors worried that credit markets will seize up without a government plan to buy up bad mortgages.

Shaw Group Inc. fell to $27.86, down by $4.79. Fluor Group Inc. tumbled to $48.22, down $7.29. Jacobs Engineering Group Inc. dropped $47.99, down $7.05. KBR Inc. was down $2.39, to $13.81. Foster Wheeler Limited fell $32, off by $5.90, and Emcor Group Inc. was down $2.57, to $25.25.