The markets advanced during the midday with the Dow soaring 99 points to 18,494. Nasdaq gained 14 points to 5,233.
Amazon launched its Kitchen Deals Day today for Prime customers offering discounts on countertop appliances, kitchen tools and cookware. Lightening Deals will be featured throughout the day. Non-Prime members can sign-up for a free 30-day trial of Amazon Prime.
More than 9,900 current and former Chipotle workers have sued the fast casual restaurant chain for wage theft. The class action lawsuit alleges that Chipotle forced employees to clock out and continue working without pay in order to meet budget goals. Chipotle has denied any wrongdoing.
The European Commission is expected to rule against a tax arrangement that Ireland made with Apple. Ireland denies that it did anything illegal by offering a lower tax rate to Apple for creating jobs in the country. The tax bill that Apple would have to pay could be as high as $19 billion.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 11 points to 2,180. Bitcoin added $3 to $575.
