Benzinga Mid-Afternoon Market Update

Midway through the afternoon Monday, the Dow recovered a bit, up about 0.09 percent, or roughly 11.82 points. The NASDAQ fell about 0.46 percent, or 14.76 points, while the S&P traded down 0.03 percent, decreasing 0.49 points. Shares of Rock-Tenn RKT continued their rise midway Monday afternoon, trading up 6.48 percent around $73.17 following an Upgrade at Jefferies to Class A Buy. Tivo TIVO rallied as well, rising 4.03 percent to $9.94 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 3.61 percent to $34.90 following an upgrade at BMO Capital Markets. Questcor Pharmaceuticals QCOR continued its slide Monday as shares plummeted 34.72 percent to $19.58 following downgrades at Piper Jaffray, Leerink Swann, Oppenheimer, and Ladenburg Thalmann. Peregrine Pharmaceuticals PPHM was also hammered, falling a staggering 76.90 percent to $1.25 following an announcement that it had discovered major discrepancies in its phase 2 data, and stating that investors should no longer rely on the study. Vonage Holdings VG also fell, dropping 5.42 percent to $2.27. In tech news, Google GOOG crossed above the $740 line for the first time in its history Monday, trading up 2.10 percent to $749.41 by mid-afternoon 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.