The markets traded higher during the midday with the Dow gaining 39 points to 20,646. Nasdaq climbed 30 points to 6,042.
Facebook was fined by the European Union's antitrust commissioner Margarethe Vestager 110 million euros, approximately $122 million, for providing misleading information about the social networking company's acquisition of WhatsApp. Before Facebook bought the messaging service in 2014, the company had assured the European Commission that the personal data of WhatsApp users would not be shared with Facebook user information. However, Facebook began integrating WhatsApp data with Facebook data last year.
The Department of Justice may file a civil suit against Fiat Chrysler Automobiles over its diesel emissions. The Environmental Protection Agency and the California Air Resources Board have alleged that the automaker used software in 104,000 vehicles that allowed excess diesel emissions to be released. The cars impacted are model years 2014-2016 Jeep Grand Cherokees and Dodge Ram 1500 trucks.
Google announced a new Google for Jobs initiative that will help job seekers find relevant listings. The search engine will collect and organize job listings from around the world to streamline the job search process. Users can apply filters to narrow the search then click on the link to view the job details on the host website and submit an application for the position.
The broader S&P 500 added 2 points to 2,359. Bitcoin leaped $95 to $1854.
