The markets traded mixed during the midday with the Dow falling 33 points to 20,869. Nasdaq gained 7 points to 5,869.
Pandora will begin offering a new Pandora Premium service for on-demand song streaming. The new service will cost $9.99 per month and will be available to select users beginning on Wednesday. Pandora currently offers a free service with ads or Pandora Plus for $4.99 per month without ads along with the ability to skip songs.
Ford Motor plans to expand its footprint in China by designing a luxury Lincoln SUV specific to the Chinese market that will be available in 2019. An existing factory in China will produce the vehicles. Ford expects to open 80 new stores in China to sell Lincoln vehicles by the end of the year.
Volkswagen will recall approximately 43,000 vehicles in Russia due to possible damage to the pressure accumulator from high pressure in the hydraulic system. The vehicles covered by the recall are the Skoda Octavia, Superb, Fabia, Yeti and Rapid that were sold between 2012 and 2016. Volkswagen will correct the problem with a software upgrade.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index eased a point to 2,370. Bitcoin gained $15 to $1,232.
