The markets traded lower during the midday with the Dow slipping 3 points to 23,921. Nasdaq lost 13 points to 7087.
Anheuser-Busch has ordered up to 800 hydrogen trucks from Nikola Motor Company. The trucks are equipped with an electric motor and can travel between 500 to 1,000 miles on one tank of hydrogen fuel. Nikola will build more than 700 hydrogen fueling stations in the U.S. and Canada in order to attract more customers.
Kroger has recalled ground beef that was produced on March 22 at a North Carolina processing facility for possible contamination. More than 35,000 pounds of ground beef sold under the Kroger brand, Private Selection, All Natural Laura's Lean Beef, and JBS have been recalled. Pieces of blue plastic was found by a customer in a package of ground beef.
The nation's trade deficit plunged 15.2% in March to $49.0 billion as commercial aircraft deliveries surged. The trade deficit had been steadily rising since September 2017 and hit a ten year high of $57.7 billion in February. The deficit with China tumbled 11.6%.
In the broad market, declining issues outpaced advancers by a margin of 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 5 points to 2,629. Bitcoin leaped $438 to $9,658.