Benzinga Mid-Afternoon Market Update

Midway through the afternoon Monday, the Dow was down about 0.35 percent, or roughly 46.97 points. The NASDAQ also fell, down about 0.45 percent, or about 14.38 points. The S&P was dropping as well, trading down 0.40 percent, falling 5.87 points. Onyx Pharmaceuticals continued its Monday rally, up 4.98 percent to around $80.49, still above its 52 week high. Jazz Pharmaceuticals JAZZ also continued its Monday rally, trading up 14.24 percent, around $54.97 following a favorable legal decision late Friday afternoon. BioFuel Energy rallied as well, up 15.73 percent, trading around $10.39 following new EPA rules on bio-diesel fuels. Shares of Netflix NFLX fell Monday, trading down 5.72 percent around $57.06 as investors continue to fear Apple's entry into the internet radio market. Shares of Youku took a beating Monday as they fell 9.50 percent, trading down around $18.91. The Empire State Manufacturing Index was released today and came in at -10.41, far below the estimated -2.00. In tech news, shares of Apple AAPL continue to hover near the $700 dollar mark following an announcement by the company that it had sold 2 million iPhone 5's in the first day of its release. Shares of Apple traded up 0.85 percent around $697.13.