The markets traded modestly lower during the midday with the Dow slipping 13 points to 19,960. Nasdaq lost 7 points to 5,476.
Goldman Sachs will settle civil charges filed by the Commodity Futures Trading Commission by paying a penalty of $120 million. The derivatives regulator alleged that Goldman Sachs attempted to manipulate a global benchmark for interest rate products. The case against Goldman Sachs will be resolved without admission of guilt or denial of charges.
Facebook has launched its audio streaming service Facebook Live Audio. The new feature is available for a select group of users and publishers with a wide release planned for next year. Pre-selected partners who will broadcast on Live Audio include the BBC, publisher Harper Collins and authors Britt Bennett and Adam Grant.
The Financial Industry Regulatory Authority fined Wells Fargo & Co. $5.5 million for failing to provide proper security for electronic documents. Documents are supposed to be stored in "write once, read many" format in order to prevent alterations to electronic records. Wells Fargo will pay the fine without admitting to or denying the charges.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners edged out advancers by more than 9 to 7 on Nasdaq. The broader S&P 500 index eased a point to 2,268. Bitcoin soared $26 to $816.
