The markets extended its losses during the midday with the Dow dropping 73 points to 22,011. Nasdaq fell 33 points to 6,336.
Kraft Heinz partnered with Oprah Winfrey to create an "O, That's Good" branded line of refrigerated soups and side dishes. Winfrey helped develop the recipes for healthy comfort foods such as mashed potatoes with cauliflower and creamy parmesan pasta with white bean puree. The products will be available beginning this week with an ad campaign launching on October 2.
General Electric will close a manufacturing plant in Rochester, New York and move the work to a supplier. Approximately 90 employees who assemble electronic boards will lose their jobs while 55 sales, technology and technical services workers will move to another building. GE supplier Jabil is based in Florida but a facility in China will be used to assemble the electronic boards.
Mazda introduced its new compression-ignition technology that improves the efficiency of traditional combustion engines by 20% to 30%. The new Skyactiv-X technology will be incorporated into vehicles in 2019. The automaker expects emissions from its vehicles to plunge by 50% from 2010 levels by 2030.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 lost 6 points to 2,468. Bitcoin tumbled $54 to $2930.
