The markets advanced during the midday with the Dow leaping 163 points to 24,523. Nasdaq climbed 52 points to 7319.
Lennar partnered with Amazon to equip all new homes with built-in wifi, smart locks, thermostats and lights that are controlled by the voice activated digital assistant Alexa. The Echo Show and Echo Dot smart speakers will be included with each house. Eight model homes have been upgraded with the technology for homeowners to experience a smart home.
Ford vehicles that are imported into China have been targeted by customs officials. Vehicles must undergo extra checks of emissions components prompting delivery delays. Ford has not attributed the increased scrutiny to the tariff dispute between the two countries and has said that the situation is being monitored.
Walmart has reached an agreement to invest $16 billion in Flipkart Group in exchange for 77% of India's largest online retailer. Annual online sales in India totals approximately $30 billion and expected to grow by 35% per year. While Flipkart reported higher revenue in fiscal 2017, losses surged by 68%.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The broader S&P 500 climbed 23 points to 2,695. Bitcoin soared $168 to $9,343.