Mid-Day Market Update: US Stocks Decline; Adobe Shares Gain On Cloud Subscriptions

Midway through trading Wednesday, the Dow traded down 0.37 percent to 15,472.70 while the NASDAQ declined 0.19 percent to 3,738.49. The S&P also fell, dropping 0.23 percent to 1,700.78. Top Headline FedEx (NYSE: FDX ) reported a rise in its fiscal first-quarter profit. FedEx's quarterly profit surged to $489