Mid-Morning Market Update: Markets Down; Ford Earnings Miss Views

Following the market opening Monday, the Dow traded down 0.21 percent to 17,585.94 while the NASDAQ declined 0.20 percent to 5,024.59. The S&P also fell, dropping 0.30 percent to 2,064.95.

In trading on Monday, healthcare shares jumped by 0.84 percent. Top gainers in the sector included

, up 13 percent, and

, up 12 percent. In trading on Monday, energy shares dipped by 1.44 percent. Meanwhile, top losers in the sector included

, down 13 percent, and

, off 13 percent.

reported weaker-than-expected earnings for the third quarter on Tuesday. The Dearborn, Michigan-based company posted quarterly net income of $1.9 billion, or $0.48 per share, compared to $1.1 billion, or $0.27 per share, in the year-ago period. After taxes, the company's earnings, excluding one-time items, came in at $0.45 per share. Its revenue rose $3.2 billion to $38.1 billion. Analysts expected revenue of $35.07 billion.

shares shot up 17 percent to $48.00 after the company reported stronger-than-expected results for its third quarter. Shares of

got a boost, shooting up 15 percent to $25.12 after the company reported better-than-expected Q3 results.

shares were also up, gaining 11 percent to $26.18 after the company reported better-than-expected earnings for the third quarter.

shares tumbled 42 percent to $10.18 after the company lowered its forecast for the third quarter. Shares of

were down 28 percent to $23.16 after the company reported weaker-than-expected Q3 earnings.

was down, falling 28 percent to $9.93 after the company reported weaker-than-expected Q3 earnings.

In commodity news, oil traded down 2.34 percent to $42.95, while gold traded down 0.01 percent to $1,166.10. Silver traded down 0.09 percent Monday to $15.89, while copper rose 0.74 percent to $2.37.

European shares were lower today. The eurozone's STOXX 600 declined 0.62 percent, the Spanish Ibex Index fell 1.18 percent, while Italy's FTSE MIB Index dropped 0.38 percent. Meanwhile, the German DAX declined 0.43 percent, and the French CAC 40 slipped 0.61 percent, while U.K. shares fell 0.43 percent.

The Federal Open Market Committee begins 2-day meeting today. U.S. durable goods orders dropped 1.2 percent in September, versus economists' expectations for a 2.3 percent drop. The S&P/Case-Shiller home price index rose 0.4 percent in August. The Markit services PMI fell to a reading of 54.50 in October, versus a prior reading of 55.10. However, economists were expecting a reading of 55.10. The Conference Board's consumer confidence index dropped to a reading of 97.6 in October, versus a revised reading of 102.6 in September. Economists projected a reading of 102.1. The Richmond Fed's manufacturing index rose to a reading of -1.00 in October, versus a previous reading of -5.00. Economists were estimating a reading of -3.00.