Benzinga Mid-Day Market Update

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Following the market opening Monday morning, the Dow was down about 0.18 percent, or roughly 24.75 points. The NASDAQ fell about 0.70 percent, or 22.28 points, while the S&P traded down 0.29 percent, decreasing 4.26 points. Shares of Rock-Tenn
RKT
continued their rise midway through Monday, trading up 5.98 percent around $72.83 Following an Upgrade at Jefferies & Co. to Class A Buy. Tivo
TIVO
rallied as well, rising 4.39 percent to $9.98 following the announcement that Verizon
VZ
will pay Tivo $250.4 million as a settlement in the company's' patent infringement case. Packaging Corp of America
PKG
also rose Monday, up 3.41 percent to $34.90 following an upgrade at BMO Capital Markets. Questcor Pharmaceuticals
QCOR
continued its slide Monday as shares plummeted 33.42 percent to $20.06 following downgrades at Piper Jaffray, Leerink Swann, Oppenheimer, and Ladenburg Thalmann. Peregrine Pharmaceuticals
PPHM
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was also hammered, falling a staggering 75.54 percent to $1.32 following an announcement that it had discovered major discrepancies in its phase 2 data, and that investors should no longer rely on the study. Vonage Holdings
VG
also fell, dropping 5.00 percent to $2.28. In tech news, Google
GOOG
crossed above the $740 line for the first time in its history, and remained up midway through Monday. In economic reports, the Chicago Fed National Activity Index came in at -0.87, below the -0.12 in July. At 10:30, the Dallas Fed Manufacturing survey was also release, coming in at -0.9, above the expected -2.7, and slightly better than last month's figure of -1.6.
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