Fiscal cliff knocks US stocks; confidence dims (3)

Among stocks making big moves:

-Chipmaker Marvell Technology Group dropped more than 3 percent, falling 26 cents to US$7.14, after the company lost a patent case brought by Carnegie Mellon University. Marvell said it would fight the US$1.2 billion ruling.

-JCPenney fell nearly 6 percent, losing US$1.23 to US$19.52, after rising more than 4 percent the day before. The stock has been volatile as the company tries to remake its image to attract younger shoppers.

-Steinway Musical Instruments fell more than 4 percent, down US$1.02 to US$21.50, after announcing that it doesn't plan to seek buyers.