Mixed Close As Consumer Sentiment Rises Less Than Expected

It was a mixed close for the markets as consumer sentiment rose but not as much as economists expected. The Dow gained 28 points to 8799 while Nasdaq lost 3 points to 1858.

On the upside

WSP Holdings (NYSE: WH) is in the process of acquiring steel billet manufacturing assets.

CB Richard Ellis (NYSE: CBG) will raise up to $550 million through the sale of stock and bonds.

Stahler Group said that Atlas Pipeline Partners (NYSE: APL) is a good value.

On the downside

JPMorgan analyst Jeffrey J. Zekauskas expects Cabot (NYSE: CBT) to lower its dividend due to disappointing results.

Tenet Healthcare (NYSE: THC) purchased $891.4 million in senior notes and expects to buy as much as $1 billion in senior notes through an offering that ends June 25.

Satyam Computer's (NYSE: SAY) cost saving program to manage employees may affect up to 10,000 workers.

In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 526.