Mid-Morning Market Update: Cree Continues Earnings Fueled Rally, General Dynamics Feels Defense Spending Slowdown

Following the market opening Wednesday, the Dow traded up 0.42 percent to 13,770.13 while the NASDAQ rose 0.37 percent to 3,154.63. The S&P fell however, decreasing 0.05 percent to 1,491.25. Top Headline Following the market close on Tuesday, Google (NASDAQ: GOOG ) beat on EPS but missed on revenue, sending shares