The markets retreated during the midday with the Dow tumbling 91 points to 17,826 as crude oil prices fell below $46 per barrel. Nasdaq slipped 2 points to 4,856.
Technology companies are making headlines in several high profile cases. Diamond Reynolds live streamed on Facebook the immediate aftermath of the officer-involved shooting of her boyfriend, Philando Castile. Facebook is also being investigated by the IRS over its transfer of property in 2010 to an Ireland subsidiary.
While Tesla is an electric car maker, its vehicles are outfitted with the latest technological advancements. Tesla released its Autopilot mode last October. Two recent accidents have been attributed to Autopilot, one involving a fatal crash. The family of Joshua Brown may have grounds for suing Tesla for negligence and defective product design.
Privately owned anti-virus maker Avast Software has offered to acquire rival AVG Technologies for a premium of approximately $1.3 billion in cash. The acquisition will give Avast access to over 400 million devices using Avast and AVG software.
In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 lost 6 points to 2,093. Bitcoin plummeted $53 to $613.
