The markets traded mixed during the midday with the Dow rising 7 points to 18,559. Nasdaq slipped 3 points to 5,223.
Intel partnered with British rival ARM to build processors based on ARM. The deal includes future ARM POP technology products for quicker knowledge transfer. LG Electronics is the first foundry customer for Intel's 10nm node.
Volkswagen will introduce a new electric vehicle at the Paris Motor Show in October. The compact car will be about the same size at the VW Golf and have a range of approximately 248 to 372 miles on a single charge. The highest single charge range for the Tesla Model S is approximately 270 miles.
OPEC had announced earlier this month that it would hold informal talks in September to discuss options to stabilize the crude oil market. Industry sources today said that Saudi Arabia plans to increase production to record levels ahead of the talks in an attempt to gain leverage. Saudi Arabia is the world's largest exporter of oil.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 added a point to 2,179. Bitcoin dropped $9 to $567.
