The markets extended its losses during the midday with the Dow plunging 210 points to 18,114 as crude oil prices dropped. Nasdaq plummeted 57 points to 5,154.
Pandora Media expanded its music collection by signing direct licensing deals with more than 30 independent labels and distributors. Music from Sony Music, Universal Music Group, Merlin Network and The Orchid will now be played on the online radio station. Pandora has 78.1 million active users.
Apple iOS 10 launches today. The free upgrade offers security enhancements and improves Apple's News application. Music will be easier to find on Apple Music. iMessage will include new visual features such as stickers and animations. iOS 10 will run on the iPhone 5 through iPhone 7, iPad Mini 2 through 4, fourth generation iPad, iPad Air and iPad Air 2.
After years of income stagnation, median household income climbed a healthy 5.2% last year from $53,700 in 2014 to $56,500 in 2015. Meanwhile, the poverty rate fell by 1.2% to 3.5 million households. The percentage of people without health insurance fell by 4 million to 9.1%.
In the broad market, declining issues outpaced advancers by a margin of nearly 9 to 1 on the NYSE and by nearly 6 to 1 on Nasdaq. The broader S&P 500 plunged 28 points to 2,130. Bitcoin held steady at $607.
