Rising Commodities Prices Weigh Down Markets

Rising commodities prices weighed down the markets during the midday with the Dow dropping 64 points to 12,204. Nasdaq fell 13 points to 2803.

On the upside

Vonage Holdings (NYSE: VG) swung to a fourth quarter loss but revenue topped estimates and the company reported positive net line additions for the first time in more than two years.

China Direct Industries (Nasdaq: CDII) reversed year ago losses to post a profit for the first quarter as revenue more than doubled.

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