Mid-Morning Market Update: Markets Rally, Procter & Gamble Earnings Top Estimates

Following the market opening Thursday , the Dow traded up 0.94 percent to 15,645.53 while the NASDAQ surged 1.08 percent to 3,665.43. The S&P also rose, gaining 1.11 percent to 1,704.45. Top Headline Procter & Gamble Co (NYSE: PG ) reported a 48% drop in its fiscal fourth-quarter earnings. P&G's quarterly