Chinese economic concerns weigh down markets

The markets recovered earlier losses but still closed in negative territory with the Dow falling 45 points to 18,098 over concerns about China's economy. Nasdaq dropped 25 points to 5,213.


On the upside


Catalyst Pharmaceuticals (Nasdaq: CPRX) will present at the 15th Annual BIO Investor Forum next week.


Bargain hunters lifted shares of Tenet Healthcare (NYSE: THC).


Senior Star Management will commence a tender offer for up to 10 million shares of Five Star Quality Care (Nasdaq: FVE) common stock at $3.45 per share in cash.


On the downside


Fluidigm (Nasdaq: FLDM) reported lower than expected preliminary third quarter revenue and suspended its full year forecast.


Covenant Transportation Group (Nasdaq: CVTI) warned of sharply lower third quarter earnings.


ClubCorp Holdings (NYSE: MYCC) reported third quarter earnings and revenue that fell short of analyst expectations.


In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2,132. Bitcoin added $1 to $634.

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