Mid-Morning Market Update: Markets Drop; Rite Aid Cuts Full-Year Outlook

Following the market opening Thursday, the Dow traded down 0.17 percent to 16,141.25 while the NASDAQ tumbled 0.38 percent to 4,054.69. The S&P also fell, dropping 0.38 percent to 1,803.84. Top Headline Rite Aid (NYSE: RAD ) reported a 16% rise in its fiscal third-quarter earnings. For the fiscal