Mid-Afternoon Market Update: Sprint Rises on News it Has the Financing to Acquire T-Mobile

Toward the end of trading Wednesday, the Dow traded up 0.07 percent to 15,457.62 while the NASDAQ tumbled 0.37 percent to 4,016.13. The S&P also fell, dropping 0.14 percent to 1,752.35. Top Headline Time Warner (NYSE: TWX ) reported a 12% drop in its fourth-quarter profit. Time Warner's quarterly