The markets extended its gains during the midday with the Dow soaring 131 points to 19,931. Nasdaq climbed 44 points to 5,597.
Target is preparing the launch its mobile payment service later this year. The payment feature will be introduced to Target REDcard customers first. The payment service may be added to the existing Target app, the Cartwheel coupon app or as in independent app. The retailer has been developing a mobile payment service for over a year.
The Securities and Exchange Commission has fined Citigroup and Morgan Stanley more than $2.96 million each to settle charges over their foreign exchange trading programs. The SEC alleged that brokers from the firms did not adequately inform clients the risks associated with foreign exchange trading. The payments will settle the allegations without admission of guilt.
To spur sales of its famous Big Mac, McDonald's is giving away bottles of Big Mac Special Sauce. The sauce will be available at participating locations nationwide on Thursday. The fast food giant said that the sauce is unique and includes a classic combination of ingredients.
In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 1 on the NYSE and by 5 to 2 on Nasdaq. The broader S&P 500 index climbed 15 points to 2,281. Bitcoin lost $7 to $907.
