Nintendo launches Switch on March 3

The markets traded modestly higher with the Dow adding a point to 19,892. Nasdaq gained 31 points to 5,579.


Nintendo will launch its new Switch gaming system on March 3 with a $299.99 price tag. The Switch is a combination console with a TV Mode, Tabletop Mode and Handheld Mode. More than 80 games are being developed for the Switch including The Legend of Zelda: Breath of the Wild, Super Mario Odyssey, Splatoon 2 and Xenoblade Chronicles 2.


Three former Takata executives have been indicted for criminal wrongdoing related to the company's faulty air bag inflators. The indictment says that the executives knew in 2000 that the inflators failed safety tests and conspired to create false test results. The manipulated test results were provided to automakers as part of Takata's marketing and sales campaign.


Google introduced its 3D digital storytelling app Toontastic 3D aimed at elementary school students. The app has a library of customizable characters, interactive 3D worlds and an idea lab for kids to create 3D cartoons. Artists can also draw their own characters. The app is free.


In the broad market, advancing issues outpaced declines by a margin of nearly 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The broader S&P 500 index rose 5 points to 2,275. Bitcoin gained $8 to $818.


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