Saudi Arabia ready to lower oil production

The markets traded lower during the midday with the Dow falling 66 points to 18,325. Nasdaq lost 14 points to 5,325.


Saudi Arabia indicated that it was ready to lower oil production levels in order to increase oil prices. Riyadh offered to cut production if Iran capped its output at current levels. Tehran has not responded to the offer. OPEC will meet informally next week in Algiers.


McDonald's will test a breakfast Happy Meal next week. The kid-friendly option will be available at 73 restaurants in the Tulsa, Oklahoma area. The Happy Meal choices will include two McGriddles or an Egg & Cheese McMuffin. For side dishes, customers can choose between apple slices or yogurt.


Social media giant Facebook leveraged its enormous network to encourage users to register to vote. Users in the U.S. who are over 18 years old will see a reminder in their News Feed to register to vote. A link will be provided to the federal government's vote.USA.gov that will guide registrants through the registration process.


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 lost 6 points to 2,170. Bitcoin rose $4 to $601.

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