Mid-Morning Market Update: Markets Drop; Alcoa Q4 Earnings Miss Estimates

Following the market opening Friday, the Dow traded down 0.32 percent to 16,392.35 while the NASDAQ tumbled 0.18 percent to 4,148.76. The S&P also fell, dropping 0.19 percent to 1,834.57. Top Headline Alcoa (NYSE: AA ) reported a loss in the fourth quarter on Thursday. Alcoa posted a