Mid-Morning Market Update: Markets Tumble; Smithfield Posts Drop In Q1 Profit

Following the market opening Friday, the Dow traded down 0.72 percent to 14,829.43 while the NASDAQ tumbled 0.66 percent to 3,634.78. The S&P also fell, dropping 0.55 percent to 1,645.92. Top Headline Smithfield Foods (NYSE: SFD ) reported a drop in its first-quarter profit. Smithfield's quarterly profit dropped to