The markets extended its losses during the midday with the Dow plunging 168 points to 20,737. Nasdaq plummeted 73 points to 5,827.
Apple introduced new versions of its popular iPad and iPhone. A special edition red iPhone 7 and 7 Plus launches on Friday to commemorate the 10-year partnership between Apple and Red, a nonprofit which raises awareness and funds to combat AIDS. Also available on Friday will be a lower priced iPad with a 9.7 inch screen, 8 megapixel camera and up to 10 hours of battery life.
Samsung's new Galaxy S8 that hits stores next Wednesday will come equipped with digital assistant Bixby. Bixby supported apps can be launched via voice commands, which is an improvement over Apple's Siri and Microsoft's Cortana. Samsung will integrate the Bixby AI into smart TVs and other devices.
Marriott International announced plans to increase the number of rooms available globally by 300,000 by 2019. The room additions are necessary to accommodate a projected 7% annual increase in travel worldwide over the next 10 years. The hotel chain anticipates generating an additional $675 million in fees from the new rooms.
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on the NYSE and by more than 4 to 1 on Nasdaq. The broader S&P 500 index tumbled 20 points to 2,352. Bitcoin leaped $59 to $1,113.
