The markets recovered from earlier losses but still closed lower with
the
Dow slipping 10 points to 12,132 as Congress prepared to vote on the debt deal. Nasdaq lost 11 points to
2744.
On the upside
Shares of C&J Energy (NYSE: CJES) continued to climb after making its market debut on Friday.
Bargain hunters snapped up shares of Advance America (NYSE: AEA), whose shares fell last week after reporting lower second quarter revenue.
Shares of Resource Capital (NYSE: RSO) rose ahead of its earnings release after market close.
Shares of managed healthcare company Amerigroup (NYSE: AGP) dropped over concerns that Medicare, which cut skilled nursing facilities reimubursements, may cut payments for other services.
Shares of McClatchy Company (NYSE: MNI) continued falling after reporting lower second quarter earnings last week.
Shares of healthcare real estate investment trusts Health Care REIT (NYSE: HCN), Omega Healthcare (NYSE: MILL) and Sabra Healthcare REIT (Nasdaq: SBRA) all tumbled over concerns that the federal government may cut more Medicare reimbursements.
In the broad market, advancing issues were on par with decliners on the NYSE while decliners edged out advancers by a margin of nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 792.
