Lower close as Greek deadlock continues

The markets closed sharply lower with the Dow falling 82 points to 17,766 as the deadlock between Greece and its creditors continued. Nasdaq dropped 46 points to 5,021.

On the upside

24/7 Wall St. noted that at last week's American Society of Clinical Oncology annual meeting, Immunomedics (Nasdaq: IMMU) reported positive mid-stage results from a clinical study of sacituzumab govitecan in treating breast cancer.

Zacks Equity Research suggested that E-House (China) Holdings (NYSE: EJ) would be a good investment.

Shares of ECPM Holdings (NYSE: GI) climbed in its market debut.

On the downside

Raymond James downgraded Delta Air Lines (NYSE: DAL) from a Strong Buy rating to an Outperform rating.

Profit taking weighed down shares of 500.com (NYSE: WBAI).

Pacific Crest Securities upgraded LendingClub (NYSE: LC) from a Sector Weight rating to an Overweight rating but the stock price fell.

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 dropped 13 points to 2079. Bitcoin rose $5 to $229.