Mid-Morning Market Update: Markets Open Higher; FedEx Q2 Earnings Miss Estimates

Following the market opening Wednesday, the Dow traded up 0.36 percent to 15,932.44 while the NASDAQ surged 0.05 percent to 4,025.49. The S&P also rose, gaining 0.20 percent to 1,784.52. Top Headline FedEx (NYSE: FDX ) reported a downbeat fiscal second-quarter profit. FedEx's quarterly profit surged to $500