Mid-Afternoon Market Update: Markets Get Hammered on China Fears as Microsoft Provides on of the Few Havens of Strength

Toward the end of trading Friday, the Dow traded down 1.64 percent to 15,930.23 while the NASDAQ tumbled 1.91 percent to 4,138.91. The S&P also fell, dropping 1.77 percent to 1,795.51. Top Headline Procter & Gamble Co (NYSE: PG ) reported a better-than-expected second-quarter net profit. Procter &