Global economic concerns weighed the markets down during the midday with the Dow slipping 28 points to 13,551. Nasdaq lost 22 points to 3157.
On the upside
A judge ruled that while Rambus (Nasdaq: RMBS) did destroy documents, its patents were valid and infringed upon by SK Hynix.
The Internet Radio Fairness Act should lower royalty payment rates for Pandora Media (NYSE: P).
Credit Suisse lifted its price target on Rock-Tenn (NYSE: RKT) from $73 to $82.
On the downside
Goldman Sachs downgraded Veeco Instruments (Nasdaq: VECO) to a Sell rating.
Vonage Holdings' (NYSE: VG) early investor New Enterprise Associates distributed 5.8 million of its common shares in Vonage to limited partners of its funds.
Shares of Suntech (NYSE: STP) fell after SoloPower secured a $197 million government loan guarantee.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 854.
Global Economic Concerns Weigh Down Markets
September 24, 2012 at 12:49 PM EDT
