Dow Finally Closes Down After Consumer Sentiment Falls

The Dow's ten-day run of record highs ended with the blue chip index falling 25 points to close at 14,514 as consumer sentiment unexpectedly dropped. Nasdaq lost 9 points to 3249.

On the upside

Shares of Glu Mobile (Nasdaq: GLUU) continued rising after introduced its latest fantasy role-playing game Heroes of Destiny yesterday.


Ambow Education (NYSE: AMBO) received an acquisition offer.

W. P. Carey (NYSE: WPC) increased its quarterly dividend by 24% to $0.82 per share payable on April 15, 2013 to shareholders of record March 28, 2013.


On the downside


Team (NYSE: TISI) cut its full year earnings and revenue outlook.


Blyth (NYSE: BTH) fell to a fourth quarter loss as revenue slipped and the company forecast lower 2013 earnings.


Fabrinet (NYSE: FN) priced its secondary offering of 3.8 million common shares at the discounted price of $14 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by nearly 9 to 7 on Nasdaq. The broader S&P 500 index slipped 2 points to 1560.

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