Market Overview

Benzinga Mid-Afternoon Market Update

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Towards the end of trading Friday, the Dow was up about 0.09 percent, or roughly 12.45 points. The NASDAQ rose about 0.22 percent, or 7.08 points, while the S&P traded up 0.13 percent, rallying 1.93 points.

Merrimack Pharmaceuticals (NASDAQ: MACK) got a boost Friday with share prices rising 10.33 percent, trading around $10.36.

Halozyme Therapeutics (NASDAQ: HALO) was also on the rise, rocketing up 24.96 percent to $8.01 following positive news on its Cinryze drug.

Skyworks Solutions (NASDAQ: SWKS) also got a boost, after it took a hit yesterday following its presentation to analysts. Shares traded up 3.81 percent around $24.95.

Shares of Rock-Tenn (NYSE: RKT) rose 2.32 percent in early trading to $68.93.

VIVUS (NASDAQ: VVUS) fell 12.61 percent to $20.73 Friday after announcing it does not believe its Qsiva marketing will be approved.

Cooper Tire & Rubber (NYSE: CTB) slowed its decline late Friday, dropping 9.03 percent to $20.00 following a KeyBanc Capital Markets downgrade to a Hold rating.

Celanese Corporation (NYSE: CE) dropped 4.64 percent to $40.08 after Wells Fargo downgraded them from Outperform to Market Perform.

In tech news, Apple (NASDAQ: AAPL) released its iPhone 5 in stores today. Mid way through the day Friday, shares of Apple traded up 0.82 percent around $702.16.

Friday was light on economic news as there were no economic releases of note.

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