The markets extended its losses during the midday with the Dow falling 42 points to 18,593. Nasdaq lost 19 points to 5,242.
Google introduced its free video calling app Duo that allows calls between iOS and Android devices. Duo offers an optional Knock Knock feature that allows call receivers to view callers in real time before answering the call. There is no group calling function. Instead, Duo is specifically targeting one-to-one video calling.
The nation's factories produced more automobiles, chemicals and machinery in July than the rest of the year. Factory output gained 0.5% following a 0.3% increase in June. Including utilities and mining, overall industrial production climbed 0.7%.
July housing starts climbed as the housing market strengthened. Privately-owned housing starts gained 2.1%. Single-family housing starts edged up 0.5% while multi-family housing units of 5 or more surged 8.3%.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 lost 6 points to 2,183. Bitcoin climbed $9 to $574.
