The markets traded lower during the midday with the Dow falling 63 points to 18,148 as crude oil prices slipped. Nasdaq lost 7 points to 5,241.
Tesla will provide Southern California Edison with a battery system for the utility's Mira Loma substation. The battery system will store 80 megawatt hours of energy which can power more than 2,500 homes for a day. The new storage system is expected to come online at the end of the year.
Unilever is reportedly engaged in discussions for a possible acquisition of Honest Company. The consumer packaged organic goods company founded five years ago by actress Jessica Alba has raised more than $200 million and generates approximately $300 million in annual revenue. The proposed acquisition deal is reportedly valued at over $1 billion.
Twitter's live stream of its first of ten Thursday Night Football games was widely praised by users. The streaming was smooth and mostly glitch free although some users complained about delays between the TV broadcast and the livestream. Twitter has not provided viewership numbers.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 fell 8 points to 2,138. Bitcoin slipped $1 to $607.
