Mid-Morning Market Update: Markets Tumble, Shuanghui To Acquire Smithfield Foods

Following the market opening Wednesday, the Dow traded down 0.72 percent to 15,299.11, while the NASDAQ fell 0.60 percent to 3,467.88. The S&P was also down, dropping 0.77 percent to 1,647.23. Top Headline Smithfield Foods (NYSE: SFD ) agreed to be bought by Chinese Shuanghui Group for around $4.8 billion. Smithfield