The markets turned negative during the midday with the Dow crashing 522 points to 23,925. Nasdaq plummeted 140 points to 6987.
Spotify enhanced its free music service to offer listeners access to more playlists and the ability to select specific songs from the playlists. Fifteen personalized playlists will include music that listeners prefer along with Spotify curated music. Spotify hopes to convert more of its 90 million free users into paying subscribers.
Amazon has partnered with General Motors and Volvo to offer a new delivery service that will place packages in the trunk of a customer's car. The service is available to Amazon Prime subscribers who own GM and/or Volvo vehicles that are model years 2015 or newer and have OnStar and/or Volvo on Call accounts. Amazon tested the service in California and Washington and has now introduced the service in 37 cities across the nation.
The Securities and Exchange Commission fined Yahoo $35 million for failing to disclose a data breach in 2014. Information including names, birthdates, telephone numbers, email addresses and possibly encrypted or unencrypted security questions and answers from approximately 500 million accounts were stolen. Yahoo did not inform the public or its shareholders about the theft until 2016.
In the broad market, declining issues outpaced advancers by a margin of more than 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 plunged 43 points to 2,626. Bitcoin soared $449 to $9,387.