Benzinga Mid-Morning Market Update
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.
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