The markets traded mixed during the midday with the Dow rising 16 points to 20,759. Nasdaq lost 8 points to 5,857.
CSX will eliminate approximately 1,000 management positions at its headquarters in Jacksonville, Florida and in the field. Employees were notified by email about the "involuntary separation program." The railroad company will offer enhanced severance pay and pension benefits for laid off workers.
UPS tested a drone delivery system that is launched from a delivery van. The UPS driver will continue to make deliveries the traditional way but will also deploy an autonomous drone to deliver packages within a certain range of the van. The truck-launched drones will be tested on rural routes, which are the most expensive routes to serve.
Best Buy and GameStop will be hosting midnight launch events for the Nintendo Switch which debuts on March 3. Pre-orders for Nintendo's new console sold out on the first day that they were available but production has been increased to accommodate demand. A limited number of consoles will be available at retailers for their launch events.
The broader S&P 500 index slipped 3 points to 2,362. Bitcoin added $3 to $1,109.
