Market Overview

Benzinga Mid-Morning Market Update

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Following the market opening Monday morning, the Dow Jones was down about 0.30 percent, or roughly 40.44 points. The NASDAQ fell about 0.65 percent, or 20.58 points, while the S&P traded down 0.38 percent, dropping 5.49 points.

Shares of Rock-Tenn (NYSE: RKT) got a boost in early trading Monday, moving up 6.16 percent around $72.95 Following an Upgrade at Jefferies to Class A Buy.

Tivo (NASDAQ: TIVO) rallied in early trading as well, rising 6.07 percent to $10.14 following the announcement that Verizon (NYSE: VZ) will pay Tivo $250.4 million as a settlement in the company's' patent infringement case.

Packaging Corp of America (NYSE: PKG) also rose Monday, up 4.12 percent to $35.14 following an upgrade at BMO Capital Markets.

Questcor Pharmaceuticals (NASDAQ: QCOR) continued its slide Monday as shares plummeted 28.68 percent to $21.49 following downgrades at Piper Jaffray, Leerink Swann, Oppenheimer, and Ladenburg Thalmann.

Vonage Holdings (NYSE: VG) also fell, dropping 6.67 percent to $2.24.

In tech news, Google (NASDAQ: GOOG) crossed above the $740 line for the first time in its history.

In economic reports, the Chicago Fed National Activity Index came in at -0.87, below the -0.12 in July. The Dallas Fed Manufacturing survey came in at -0.9, better than the -2.7 that was expected.

Posted-In: News Upgrades Downgrades FDA Events Econ #s Hot Analyst Ratings

 

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