Mid-Morning Market Update: Markets Open Lower; Procter & Gamble Profit Beats Estimates

Following the market opening Friday, the Dow traded down 0.75 percent to 16,075.65 while the NASDAQ tumbled 0.98 percent to 4,177.55. The S&P also fell, dropping 0.84 percent to 1,813.09. Top Headline Procter & Gamble Co (NYSE: PG ) reported a better-than-expected second-quarter net profit. Procter & Gamble's