Mid-Morning Market Update: Markets Fall; Joy Global Profit Misses Estimates

Following the market opening Wednesday, the Dow traded down 0.46 percent to 15,899.02 while the NASDAQ declined 0.50 percent to 4,040.26. The S&P also fell, dropping 0.53 percent to 1,793.09. Top Headline Joy Global (NYSE: JOY ) reported an 87% drop in fiscal fourth-quarter earnings. Joy Global projects full-year earnings of