The markets traded mixed during the midday with the Dow gaining 47 points to 21,442. Nasdaq lost 8 points to 6,256.
After the successful launch of the NES Classic over the holidays, Nintendo announced plans to release the Super NES Classic. The miniature console will be available on September 29, 2017. The device will be preloaded with 21 games including Donkey Kong Country and Super Mario Kart and will come with two wireless SNES controllers.
BMW will invest $600 million in its manufacturing facility in Spartanburg, South Carolina, which is its largest plant in the world. The German automaker plans to build its X model vehicles at the facility and will increase its workforce by 1,000 people to over 10,000 workers. The facility produced at record 411,000 vehicles in 2016.
Takata filed for Chapter 11 bankruptcy protection. Fined $1 billion for its faulty airbag inflators, the Japanese auto supplier must reorganize its debt and sell most of its assets. Rival Key Safety Systems will pay approximately $1.6 billion to acquire most of Takata's operations.
In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 rose 4 points to 2,442. Bitcoin plummeted $136 to $2366.
