Small Gain In Consumer Sentiment Weighs Down Markets
A disappointingly small gain in consumer sentiment weighed the markets down to a lower close with the Dow falling 48 points to 13,437. Nasdaq dropped 20 points to 3116. On the upside
Bloomberg reported that Allscripts Healthcare Solutions (Nasdaq: MDRX) engaged in discussions with several private equity firms for a possible acquisition. Shares of Qualys (Nasdaq: QLYS) climbed on its first trading day. Oppenheimer & Co. said that New Oriental Education & Technology (NYSE: EDU) had been cooperating with the Securities and Exchange Commission in an investigation into the education company's financial statements. On the downside Nokia (NYSE: NOK) lowered prices on its Lumia 800 and Lumia 900 smartphones. Dell (Nasdaq: DELL) completed its acquisition of Quest Software. TheStreet affirmed its Hold rating for Vale (NYSE: VALE). In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 6 points to 837.