The markets traded lower during the midday with the Dow falling 19 points to 20,983. Nasdaq slipped 3 points to 5,858.
Approximately one million Mercedes-Benz vehicles worldwide will be recalled in response to 51 reported fires that were caused by a defective starter part. No injuries or deaths have been reported. The recall affects certain C-class, E-class and CLA cars and GLA and GLC SUVs for model years 2015, 2016 and 2017.
HHGregg will close 88 stores and 15 distribution centers across 15 states as part of its efforts to return to profitability. The plan will eliminate approximately 1,500 jobs. The appliance and electronics retailer reported losses for the past two years as more customers opted for the convenience of online shopping.
Nintendo's latest gaming console Switch launched today with many gamers lining up for hours to get their hands the device. Along with the console, five games will be available in North America and Europe while seven titles will be available in Japan. Analysts expect the Switch to sell 4 to 5 million units in 2017.
In the broad market, declining issues outpaced advancers by a margin of 3 to 2 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,379. Bitcoin gained $7 to $1,256.
