The markets traded mixed during the midday with the Dow falling 33 points to 20,634 while Nasdaq gained 12 points to 5,805.
The Securities and Exchange Commission has shortened the time between when a trade order is executed and when investor funds are exchanged for ownership of the security. The settlement time has been three business days since 1993. With today's unanimous vote, stock and bond trades will now be settled in two business days.
Airbnb plans to expand its services and offerings in China in order to reach the growing middle class in the world's most populous nation. The travel and tourism industry in China is forecast to grow by 7% every year over the next decade. While Airbnb previously marketed to Chinese travelers who were taking trips outside of their country, the hospitality service will now focus on travel within China.
Google will now allow users to share their location using Google Maps. Location sharing technology has been around for years but privacy concerns have prevented the feature from being made available more broadly. Users will be reminded to share their locations only with people whom they trust.
In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 5 to 3 on Nasdaq. The broader S&P 500 index added a point to 2,345. Bitcoin tumbled $75 to $1,046.
