Lower close on elusive Greek deal

The markets closed lower with the Dow falling 75 points to 17,890 despite strong consumer spending as a Greek deal remained elusive. Nasdaq lost 10 points to 5,112.

On the upside

Shares of Community Health Systems (NYSE: CYH) climbed after the Supreme Court ruled that federal subsidies for health insurance can continue.

Proactive Investors reported that BP (NYSE: BP) offered to buy Penn Virginia (NYSE: PVA).

Shares of Lantheus Holdings (Nasdaq: LNTH) rose on its first trading day.

On the downside

Investors continued to take profits on TrovaGene (Nasdaq: TROV).

JPMorgan downgraded Williams Companies (NYSE: WMB) from an Overweight rating to a Neutral rating and cut its price target from $65 to $60.

Alder BioPharmaceuticals (Nasdaq: ALDR) will offer $200 million worth of common stock.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 lost 6 points to 2102. Bitcoin edged up $1 to $242.
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