The markets retreated from early morning highs to trade mixed with the Dow rising 29 points to 18,153. Nasdaq slipped 2 points to 5,242.
German supermarket chain Lidl will open up to 150 stores on the East Coast of the United States by 2018. The stores will offer a limited selection of private label items in order to keep prices low. Compared with traditional domestic supermarkets which average about 165,000 square feet, Lidl stores will be approximately 30,000 to 36,000 square feet.
Google introduced its latest travel app Google Trips that is available on both iOS and Android. Google Trips is both a trip planning service as well as a travel guide. The app can use flight information and hotel reservations to help users plan activities and select sightseeing destinations.
Indonesia is investigating Google for failing to pay income and value-added taxes for the past five years. Fines of up to four times the amount of taxes that are owed may also be assessed. For 2015 alone, Google may have to pay as much as $418 million. Google Indonesia is cooperating with the investigation.
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 rose 4 points to 2,143. Bitcoin added $1 to $610.
