The markets traded mixed during the midday with the Dow gaining 18 points to 20,931 while Nasdaq slipped 2 points to 6,088.
Microsoft introduced its new Surface Laptop with a streamlined Windows 10 S operating system that is geared towards students and educators. Security features of Windows 10 S include a warning whenever a user tries to download an app that is not from the Windows Store. Prices for the new Surface Laptop begin at $999.
For the fourth month in a row, automobile sales have fallen. Ford Motor disappointed with a sharp 7.2% drop in April sales as car inventory climbed from 66 days supply in March to 72 days for April. Honda Motor experienced a 7.0% plunge in sales from last year. Sales tumbled 6.6% for Fiat Chrysler while General Motors sales fell 5.8%.
T-Mobile announced ambitious plans to build the first nationwide next generation 5G network by 2020. 5G aims to improve overall user experience with lightening fast connections and improved battery life for devices. T-Mobile also expects small connected sensors to relay information about the location of keys, kids, and other valuable objects.
The broader S&P 500 index eased a fraction to 2,387. Bitcoin climbed $31 to $1425.
