Mid-Morning Market Update: Markets Tumble; McDonald's Posts Better-Than-Expected Earnings

Following the market opening Thursday, the Dow traded down 1.01 percent to 16,207.63 while the NASDAQ tumbled 0.96 percent to 4,202.31. The S&P also fell, dropping 0.89 percent to 1,828.43. Top Headline McDonald's (NYSE: MCD ) reported better-than-expected fourth-quarter earnings. McDonald's quarterly earnings rose to $1.397 billion, or