On the upside
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.