Markets Retreat From Record Highs To Close Mixed

The markets retreated in late afternoon trading to close mixed with the Dow rising 14 points to 15,976 after activist investor Carl Icahn offered a cautious outlook on the stock market. Nasdaq dropped 36 points to 3949.

On the upside

A Seeking Alpha contributor highlighted the potential of Northwest Biotherapeutics' (Nasdaq: NWBO) development stage cancer treatments.

Tile Shop Holdings (Nasdaq: TTS) continued rising after Piper Jaffray affirmed its Overweight rating on the stock on Friday.

ABnote will offer On Track Innovations' (Nasdaq: OTIV) new WAVE device for mobile wallet payments.

On the downside

Profit taking sank shares of Vanda Pharmaceuticals (Nasdaq: VNDA).

Goldman Sachs analyst Stephen Grambling downgraded Supervalu(NYSE: SVU) from a Neutral rating to a Sell rating and lowered his price target from $8 to $6.

Investors locked in profits on E-Commerce China Dangdang (NYSE: DANG).

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 1791.

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