The markets traded lower during the midday with the Dow losing 19 points to 20,592. Nasdaq fell 13 points to 5,806.
Visa partnered with IBM to develop secure payment experiences that will be available on any and all connected devices. IBM Watson's artificial intelligence and machine learning platform will be able to determine when a car needs to replace a part that has worn out. The driver can order the part, schedule an appointment to install the part and pay for everything from the driver's seat.
In response to rival Verizon's recent introduction of a new unlimited data plan, Sprint upgraded its unlimited data plan to include unlimited HD video streaming and 10GB of mobile hotspot data. The new plan starts at $65 per month for the first line. An option for Sprint Premium that includes HD content will be available for $75 per month.
Snapchat parent company Snap will price its initial public offering shares between $14 and $16 with plans to sell 145 million shares. The messaging company reported losses of more than $500 million in 2016. Snap will trade on the New York Stock exchange with the ticker symbol SNAP.
The broader S&P 500 index slipped 5 points to 2,343. Bitcoin soared $27 to $1,032.
