Lower Close As Consumer Confidence Drops

A drop in consumer confidence weighed the markets down to a lower close with the Dow falling 43 points to 13,197. Nasdaq slipped 2 points to 3120.

On the upside

Lennar (NYSE: LEN) reported lower first quarter earnings but the results beat expectations.

Shares of Molycorp (NYSE: MCP) climbed after rival Inner Mongolia Baotou Rare-Earth Hi-Tech reported sharply higher full year earnings.

Zhongpin (Nasdaq: HOGS) received an offer to be taken private by chairman and chief executive Xianfu Zhu.

On the downside

Investors locked in profits on Lions Gate (NYSE: LGF), whose stock price soared last week in anticipation of the release of "The Hunger Games."

Shares of Nabors Industries (NYSE: NBR) continued falling after chief executive Anthony Petrello said in a regulatory filing yesterday that the company's investment in exploration and production businesses was a wrong decision.

Wedbush Securities analyst Corrina Freedman initiated coverage of Skechers (NYSE: SKX) with an Underperform rating.

In the broad market, declining issues outpaced advancers by a margin of 7 to 5 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 6 points to 839.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here