The markets traded flat during the midday with the Dow adding 2 points to 20,858. Nasdaq rose 6 points to 5,844.
Facebook Messenger introduced Messenger Day which allows users to add photos and videos to their day. Users can share their day with all their contacts or a select group of friends. Friends can then view and comment on the content which will disappear after 24 hours, much like Snapchat's Stories feature.
For the second time in as many years, RadioShack has filed for bankruptcy. The electronics retailer first filed for bankruptcy protection in March 2015. After closing approximately 2,400 stores, the company was sold to General Wireless. General Wireless filed for Chapter 11 bankruptcy yesterday and announced plans to close nearly 200 stores.
In preparation for regulatory clearance for the proposed $65 billion merger between Bayer and Monsanto, the two companies plan to sell approximately $2.5 billion in assets through an auction. No specific lines of business have been identified for the sale. Information packets about the assets will be sent to prospective bidders next week.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE while advancers edged out decliners by nearly 5 to 4 on Nasdaq. The broader S&P 500 index added 2 points to 2,365. Bitcoin climbed $34 to $1,188.
