Mid-Morning Market Update: Markets Open Mixed; FedEx Posts Rise In Profit

Following the market opening Wednesday, the Dow traded down 0.11 percent to 15,512.41 while the NASDAQ surged 0.16 percent to 3,751.53. The S&P also rose, gaining 0.04 percent to 1,705.41. Top Headline FedEx (NYSE: FDX ) reported a rise in its fiscal first-quarter profit. FedEx's quarterly