The markets extended its losses during the midday with the Dow plunging 182 points to 19,911. Nasdaq plummeted 64 points to 5,596.
Despite an emissions scandal that will cost the company $22 billion in fines, Volkswagen sold more cars in 2016 than any other automaker. Second place Toyota Motors was previously the top selling automaker for the past four years. Volkswagen sold 10.31 million cars while Toyota sold 10.18 million vehicles.
Snapchat parent company Snap will list with the New York Stock Exchange when it goes public in March. Tech heavy Nasdaq courted Snap but the photo sharing site opted for The Big Board. Apple, Facebook and Google all list on Nasdaq. Snap is expected to publicly file for an initial public offering this week.
Starbucks introduced its MyStarbucks Barista voice-activated chatbot for iOS today. The new feature allows customers to place orders by speaking into the app. A select group of 1,000 customers are testing the app before it is released nationwide this summer.
The broader S&P 500 index plunged 22 points to 2,272. Bitcoin gained $7 to $917.
