Major indexes fell amid continuing uncertainty over the pace of U.S. economic recovery.
The S&P 500 was down 0.7% to 2,911.04 in midday trading; the Dow Jones Industrial Average 0.5% to 24,102.17; the Nasdaq 0.2% to 9,178.19.
The yield on a 10-year Treasury plunged 7% to 0.68%.
The price of gold increased 0.5% to $1,707.
The price for a barrel of oil surged 6.9% to $25.80.
HEALTHCARE
Irvine-based Sabra Healthcare REIT (Nasdaq: SBRA) fell 8% to $11.06 per share for a market cap of $2.3 billion, while fellow health facility owners Healthpeak Properties Inc. (NYSE: PEAK), also in Irvine, declined 6.6% to $22.17 for a market cap of $11.9 billion and San Clemente-based Ensign Group Inc. (NASDAQ: ENSG) was flat at $38.45 for a market cap of $2.1 billion.
FINANCE
Irvine-based Pacific Premier Bancorp Inc. (Nasdaq: PPBI) was down 5% to $18.26 a share for a $1.1 billion market cap of $1.1 billion, its second day of declines.
