The markets traded lower during the midday with the Dow falling 37 points to 19,767. Nasdaq lost 5 points to 5,550
The U.S. National Highway Traffic Safety Administration closed its investigation into the death of a man who crashed while driving a Tesla in the semi-autonomous mode. A vehicle recall will not be initiated because no evidence of a vehicle defect was found. Tesla has updated its Autopilot mode with additional safety measures in the wake of concerns.
The U.S. Equal Employment Opportunities Commission has sued Wal-Mart for firing an employee with Down syndrome. The employee had been working the same noon to 4pm schedule for 15 years. A new computerized scheduling system assigned the employee a different shift. Because of her disability, the employee had difficulty adjusting to the change.
Alibaba partnered with the International Olympic Committee to provide technical support for the next six games, create a global shopping platform to sell official Olympic merchandise and to expand the Olympic Channel. Alibaba will receive the rights to use the Olympic marks and imagery for advertising and promotional purposes. The Chinese e-commerce behemoth will also run an online Olympic digital television service in Chinese.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 index lost 5 points to 2,266. Bitcoin climbed $25 to $894.
