Mid-Morning Market Update: Markets Surge; Time Warner Posts Higher Q3 Profit

Following the market opening Wednesday, the Dow traded up 0.71 percent to 15,728.93 while the NASDAQ surged 0.28 percent to 3,950.86. The S&P also rose, gaining 0.54 percent to 1,772.49. Top Headline Time Warner (NYSE: TWX ) reported a rise in its third-quarter profit. Time Warner's quarterly profit