The markets retreated during the midday with the Dow falling 32 points to 18,136. Nasdaq lost 16 points to 5,199.
Mondelez International recalled two different flavors of Oreo Fudge Cremes that are sold in the United States. Certain batches of mint flavored and original Oreo Fudge Cremes lack a milk allergen warning on their packaging. Consumers with milk allergies may suffer a serious reaction if they eat the Oreos.
BMW recalled 154,472 vehicles in the United States and Canada in order to replace a fuel pump module. The defective module could cause a vehicle to stall. The recall covers certain vehicles for model years 2007 to 2012. No injuries have been reported due to the defective part.
Johnson & Johnson must pay a woman $70 million in a lawsuit over the company's baby powder. The 62-year old plaintiff alleged that her use of talcum powder over 40 years caused her ovarian cancer. The American Cancer Society has said that studies into the link between cancer and talc have been mixed.
In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE while advancers barely edged out decliners by a slim margin on Nasdaq. The broader S&P 500 fell 7 points 2,125. Bitcoin climbed $7 to $685.
