The markets traded lower during the midday with the Dow tumbling 95 points to 23,313. Nasdaq lost 23 points to 6,714.
Amazon announced additional price cuts on select products at Whole Foods Market with Amazon Prime members receiving an extra discount on top of the lower prices. Organic turkey will be on sale for $3.49 per pound but Prime members will save an additional 50 cents per pound with a price of $2.99 per pound. Prices on sweet potatoes, Russet potatoes, bagged salad mixes, and Chobani yogurt will be among the items being discounted.
Forever 21 may have experienced a data breach between March and October of this year. The encryption process during payment transactions was not working at certain stores which may have allowed unauthorized access to personal data. The retailer has initiated an investigation of its payment card systems and is working with a security and forensics firm.
The Consumer Product Safety Commission has once again recalled certain brands of hoverboards over potential fire and explosion concerns. Owners of Drone Nerds, Go Wheels, iHoverspeed, iLive, LayZ Board, Smart Balance Wheel, Sonic Smart Wheels, and Tech Drift should stop using their hoverboards and return them for a refund or replacement. Approximately 16,000 hoverboards are included in the recall.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,568. Bitcoin rocketed $595 to $7,178.
