The markets traded mixed during the midday with the Dow soaring 139 points to 18,728. Nasdaq plunged 58 points to 5,192.
Macy's hired Brookfield Asset Management to explore options for redeveloping at least 50 key properties. Most of the locations are inside malls. The private investment firm has two years to provide development plans to the department store operator. Macy's also announced that it will sell its Union Square Men's building in San Francisco for $250 million.
Google responded to the European Commission's charges that the company engaged in antitrust practices. Google argued that the Android ecosystem balanced the interests of users, developers, hardware makers, and mobile network operators. The technology firm also noted that Android faces competition from Apple's iOS.
LinkedIn's appeal of Moscow's Tagansky District Court decision to block the social networking site has been denied. Russian law requires websites that store the personal data of Russian citizens to use Russian servers. LinkedIn's website will be blocked in Russian within a week.
In the broad market, declining issues barely edged out advancers by a slim margin on the NYSE while advancers outpaced decliners by more than 3 to 2 on Nasdaq. The broader S&P 500 eased a fraction to 2,162. Bitcoin lost $3 to $711.
