Mid-Morning Market Update: Markets Move Lower, Bank of America Posts Downbeat Q1 Profit

Following the market opening Wednesday, the Dow traded down 0.62 percent to 14,665.16 while the NASDAQ dropped 0.92 percent to 3,234.63. The S&P also fell, declining 0.80 percent to 1,561.93. Index Technicals: The S&P 500 looks to be bouncing off its daily uptrend line support, with 1,580 acting as resistance above. Next up,