The markets extended its losses during the midday with the Dow dropping 68 points to 18,457. Nasdaq tumbled 33 points to 5,250.
Google parent Alphabet partnered with Chipotle to test drone deliveries of food orders to Virginia Tech. Project Wing, Alphabet's drone program, will use drones to transport hot food items from a Chipotle food truck to consumers, hover overhead, then lower the food using a winch. The food delivery experiment will last several weeks.
Airbnb announced changes to its policies and practices as part of its efforts to combat discrimination against minority guests. User photos will be smaller and be displayed in a less prominent position. The site will expand its instant book program. Hosts who tell a potential guest that the listing is unavailable will not be able to book new guests for the same time period.
Wells Fargo settled charges that it forced clients to open accounts that they did not request. The financial products that employees pressured customers to use generated fees for the bank. A total of $190 million will be paid with $5 million going to customers and $100 million to the Consumer Financial Protection Bureau
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 fell 7 points to 2,178. Bitcoin gained $8 to $619.
