The markets surged higher during the midday with the Dow leaping 268 points to 24,352. Nasdaq rocketed 121 points to 7125.
Ford will stop making all but two car models for the North American market in order to focus production on more lucrative trucks and sport utility vehicles. Slated for elimination are the Fiesta subcompact, Fusion midsize sedan, Taurus large sedan and C-Max van. Only the Mustang and a new Ford Focus Active crossover-live hatchback will continue to be made.
Southwest Airlines has announced plans to fly to four destinations in Hawaii. Daniel K. Inouye International Airport in Honolulu, Ellison Onizuka Kona International Airport on the Island of Hawaii, Kahului Airport on Maui, and Lihue Airport on Kauai have been identified while stateside airports are still pending. No launch date or specific routes have been finalized.
Snap launched the second generation of its Spectacles video sunglasses with improved functionality. The new waterproof Spectacles has the ability to take longer videos and can also take still photos. Priced at $149, the version two glasses are $20 higher than the original Spectacles, which only sold 220,000 pairs.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on both the NYSE and on Nasdaq. The broader S&P 500 leaped 30 points to 2,669. Bitcoin crashed $321 to $8,853.