The markets traded mixed during the midday with the Dow plunging 183 points to 25,036 while Nasdaq gained 31 points to 7270.
Google introduced its new Google Pay that combines Google Wallet and Android Pay into one app. People with a Google account will be able to use their smartphones to pay for items in brick and mortar stores. Credit cards and gift cards can also be uploaded to the app for use as a payment option.
DirecTV has increased the price of its NFL Sunday Ticket package from $281.94 for a basic package to $293.94. The basic package allows fans to watch any Sunday game that is being played as well as the ability to stream out-of-market games. The price of the NFL Sunday Ticket Max package which includes the Red Zone and Fantasy Zone will now cost $395.94.
Grocery store chain Albertsons announced plans to purchase drug store chain Rite Aid in a cash and stock deal that will create a combined company valued at approximately $24 billion including debt. Merging approximately 2,300 supermarket locations with Rite Aid's 2,569 drug stores will offer customers nearly 4,900 places to shop. The deal is expected to save the companies $375 million per year within three years.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 7 points to 2,724. Bitcoin surged $511 to $11,573.
