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.