The markets opened higher with the Dow gaining 64 points to 18,226. Nasdaq held steady at 5,243.
T-Mobile US will pay $48 million to settle federal charges that the company failed to adequately disclose speed and data restrictions to customers on its unlimited data plan. The settlement requires the mobile service provider to offer $35.5 million in benefits to subscribes of the unlimited plan. The company must also provide at least $5 million to schools.
Facebook users will now be able to order goods and services through business Facebook pages. Customers can place food orders with restaurants and book appointments with spas and salons. A recommendations feature will be added to Facebook for users to restaurant suggestions.
Fiat Chrysler Automobiles announced two recalls. A potentially faulty sensor wiring prompted the recall of 225,000 model years 2016 and 2017 Jeep Wrangler SUVs. A malfunction may prevent air bags from deploying properly. Fiat is also recalling 86,000 model years 2007 through 2013 Ram 2500 and 3500 pickup trucks and model years 2011 through 2014 Dodge Charger Pursuit sedans to fix an alternator diode that may wear faster than expected.
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by a margin of nearly 5 to 3 on Nasdaq. The broader S&P 500 rose 5 points to 2,144. Bitcoin fell $6 to $626.
