The markets traded mixed during the midday with the Dow tumbling 98 points to 24,064. Nasdaq gained 39 points to 7106.
Starbucks has added two new Frappuccino flavors to its regular menu. The Ultra Caramel Frappuccino is made with a new sweet cold brew whipped cream, dark caramel coffee, milk, dark caramel sauce, ice and smoke dark caramel drizzle. The Triple Mocha Frappuccino also uses the new sweet cold brew whipped cream, coffee, milk, ice, dark mocha sauce and dark mocha drizzle.
Hasbro has agreed to pay approximately $522 million in cash and stock to acquire certain entertainment brands from Saban Properties including Power Rangers, My Pet Monster, Popples, Luna Petunia and Treehouse Detectives. The live action children's series Mighty Morphin Power Rangers launched 25 years ago and spawned several different television series along with three movies. My Pet Monster was introduced as a plush toy in 1986 while Treehouse Detectives is a new original Netflix animated series.
The U.S. International Trade Commission is investigating Nintendo for potential patent infringement. Mobile console gaming company Gamevice has alleged that the Nintendo Switch infringed on its patents for detachable game controllers. Gamevice had sued Nintendo last year for copyright infringement but later dropped the case.
In the broad market, declining issues edged out advancers by a slim margin on the NYSE while advancers barely outpaced decliners on Nasdaq. The broader S&P 500 held steady at 2,648. Bitcoin plunged $255 to $8,967.