Afternoon Market Update (GOOG, VZ, TSN, GS, JPM)

Google GOOG and Verizon VZ have issued a joint proposal for an open internet. "Users should choose what content, applications, or devices they use, since openness has been central to explosive innovation... America must continue to encourage both investment and innovation to support the underlying broadband infrastructure." Despite an impressive quarter, Tyson Foods TSN has lost 4%, as analysts mull over the possibility of the company hitting peak earnings. Morningstar's Erin Swanson said that TSN continues to be still susceptible to volatility in commodity price and recent improvement in profits does not seem sustainable. Just like in the case of Bank of America BAC and JPMorgan Chase JPM, Goldman Sachs GS has failed to replicate its "perfect" trading performance in the first quarter. GS has lost money in 10 days during the quarter, with losses amounting to $100 million on three separate days. Trading accounted for 71% of Goldman Sachs’ revenue in the first half. Read more from Benzinga's Markets.