Lower Close As Consumer Sentiment Drops

The markets closed lower with the Dow falling 30 points to 15,081 as consumer sentiment unexpectedly dropped. Nasdaq slipped 3 points to 3602.

On the upside

Qihoo 360 Technology (Nasdaq: QIHU) has nearly 20% of the market share of searches in China and expects to have 30% next year.

Aurora Capital Group will pay a premium of approximately $266.8 million to take National Technical Systems (Nasdaq: NTSC) private.

Shares of Beazer Homes (NYSE: BZH) rose as construction of new homes climbed.


On the downside


Sophiris Bio (Nasdaq: SPHS) stock tumbled on its first trading day.


Madalay Digital Group (Nasdaq: MNDL) will sell an undisclosed number of shares of common stock at the discounted price of $2.48 per share to raise approximately $12 million.

Profit taking sank shares of Fuwei Films (Nasdaq: FFHL).

In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 5 points to 1655.

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