The markets extended its gains during the midday with the Dow leaping 144 points to 22,002. Nasdaq surged 80 points to 6,337.
To rescue its ailing grocery business, Target has added two veterans to its executive team. Target named former Wal-Mart senior director of private brands, deli and bakery Mark Kenny to the position of vice president of meat and fresh prepared food. The retailer also announced the appointment of former General Mills baking division president Liz Noodle to the position of vice president of product design and development for food and beverage.
Aldi has partnered with Instacart to begin delivering groceries to customers in three cities in the U.S. at the end of the month. Shoppers will be able to order groceries from the German grocery store chain through Instacart's website and app. Customers in Atlanta, Dallas and Los Angeles may receive their orders within an hour.
Facebook is expanding its Marketplace service to 17 new countries in Europe. Marketplace brings together local buyers and sellers to facilitate the sale of second-hand goods. Neither the buyer nor the seller pays fees for posting on the service or searching listings on the service.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 2 on the NYSE and by nearly 7 to 2 on Nasdaq. The broader S&P 500 soared 24 points to 2,465. Bitcoin jumped $167 to $4276.
