The markets turned negative during the midday with the Dow tumbling 95 points to 18,157 as the value of the British pound tumbled against the U.S. dollar. Nasdaq lost 15 points to 5,285.
Google introduced its new Pixel and Pixel XL smartphones with high definition displays and 12 megapixel f/2.0 rear cameras. The Pixel has a 5-inch screen while the Pixel XL has a 5.5-inch screen. The phones also feature the built-in Google Assistant and the sophisticated camera software that will allow users to capture multiple images and combine them for better image quality.
Google unveiled its Daydream View virtual reality headset that is priced at $79. Preorders will begin at the end of the month with shipments scheduled for November. The fabric and foam headset will be compatible with Google's new Pixel smartphones.
The National Highway Traffic Safety Administration initiated an investigation into the braking system of the 2015 and 2016 model years of the Ford F-150 pickup truck. A recall of model years 2013 and 2014 F-150 pickups was issued earlier this year to fix a defect in the braking system. Consumers have complained about a sudden and complete loss of brakes.
In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 1 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 fell 10 points to 2,150. Bitcoin slipped $2 to $607.
