The markets traded mixed during the midday with the Dow falling 47 points to 20,876. Nasdaq gained 9 points to 5,843.
Craftsman has recalled a 10-inch portable table saw, model number 137.415030, for injury hazards. A foldable stand that comes with the saw can unexpectedly collapse, causing injury. There have been 11 reports of the table collapsing with nine of those accidents causing injuries to fingers and hand. The saw is sold exclusively by Sears Holdings.
The new Nintendo Switch next generation game console set sales records in the Americas after launching on Friday. The gaming system sold more units on Friday and Saturday than any other Nintendo system in the same time frame. The well-reviewed The Legend of Zelda: Breath of the Wild, which also went on sale on Friday, became the best selling standalone launch title for Nintendo.
A lawsuit alleging that Chipotle defrauded shareholders was dismissed by a district judge. Plaintiffs claimed that the fast casual restaurant chain hid the severity of a series of food poisoning cases in 2015. Chipotle has apologized for the outbreaks, implemented new food safety standards and committed $10 million to work with its smaller suppliers to improve the safety of its meat and vegetables.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index slipped 2 points to 2,365. Bitcoin tumbled $46 to $1,180.
