The markets traded mixed during the midday with the Dow losing 27 points to 25,268. Nasdaq gained 16 points to 7153.
Ford has redesigned the engine of its popular F-150 pickup truck to support diesel. The new 3-liter, 6-cylinder diesel engine will get an impressive 30 miles per gallon while maintaining the F-150's reputation as having the most powerful towing and hauling capabilities. The diesel pickup was tested in extreme temperatures.
A lawsuit alleging that Starbucks overcharged customers was dismissed. Plaintiffs claimed that the coffee chain underfilled latte orders by approximately 25% in order to lower its milk expenses. Starbucks asserted that its cups contained more than the advertised amount for each drink.
Toyota announced its new e-Palette self-driving concept vehicle that can be customized for different uses. Three sizes will be available for ride hailing, shuttle services or package deliveries. The Japanese automaker will work with Amazon, Didi Chuxing Technology, Pizza Hut and others to design and build the hardware and software for the new fleet of autonomous electric vehicles.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 3 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 added 2 points to 2,745. Bitcoin plunged $1,619 to $14,819.
