Benzinga Mid-Morning Market Update

Midway through the morning on Tuesday, the Dow has fallen about 0.39 percent, down roughly 52.35 points. The NASDAQ is also trading down, about 0.39 percent or roughly 52.35 points. The S&P has also taken a small hit, dropping 8.84 points or 0.61%. Spain's Prime Minister Mariano Rajoy made a few comments about new tax programs to be enacted, but said he had not yet decided on whether or not to take the ECB bond buying program. Apple AAPL is expected to announce its iPhone 5 later today at 1:00PM ET, and Facebook's FB Chief Executive Mark Zuckerberg will speak later today at Techcrunch Disrupt. Other notable news:

• Lucas Energy LEI announced a $1.32 million equity offering.
• Synalloy SYNL announced its acquisition of Palmer of Texas.
• U.S. Trade Balance numbers came in at -$42.0B versus -$44.0B estimate, with the revised prior number coming in at -$41.9B.
• Mediware MEDW posted a $0.07 earnings beat, and its share price rallied about 1.52% to $15.99.
• RG Barryoration DFZ also posted an earnings beat, coming in $0.05 above estimates. Shares jumped 2.34% to $14.90.
• Hanwha SolarOne HSOL posted an earnings miss, reporting earnings at $0.15 below estimates. Shares fell 2.83% to $1.03.