The markets traded mixed during the jidda with the Dow gaining 44 points to 18,213. Nasdaq fell 30 points to 5,252.
Microsoft announced a new desktop computer and a free Windows update. The Surface Studio with a touch screen has been tailored for designers and will cost $2,999 for the low end model. The Windows 10 Create Update will allow users to take three-dimensional pictures and edit them.
Reuters reported that Dr. Pepper Snapple Group engaged in discussions for a potential acquisition of antioxidant drink maker Bai Brands. Dr. Pepper Snapple already owns a minority stake in Bai Brands. Bai Brands will soon be accepting bids to buy the company.
Hearst will acquire Camp Systems for an undisclosed sum. Privately held Camp Systems tracks aircraft maintenance schedules for regulatory compliance. Hearst is a diversified media firm that owns stakes cable networks, newspapers, and magazines.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 7 to 3 Nasdaq. The broader S&P 500 lost 3 points 2,139. Bitcoin surged $17 to $673.
