Facebook introduces new civic engagement features

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The markets traded flat during the midday with the Dow rising 8 points to 21,144. Nasdaq added 4 points to 6,279.


Facebook introduced new features that will allow users to engage with their elected representatives and connect with local news stories. When users comment on the pages of their representatives, they can enable a Constituent Badge to indicate that they live in the district. A Constituent Insight feature will allow users to easily find popular stories in their district.


Tesla has joined the Fortune 500. Revenue surged in 2016 to $7 billion sending the electric car maker to spot number 383 on the list of the nation's largest companies by revenue. With the more affordable Model 3 shipping at the end of the year, Tesla is expected to move up the list.


Sears Holdings will close an additional 66 stores on top of the 180 closures that were announced earlier this year. Most locations across the country will shutter their doors by September as part of the retailer's efforts to return to profitability. The underperforming stores include 49 Kmart stores and 17 Sears locations.


The broader S&P 500 held steady at 2,429. Bitcoin dropped $39 to $2768.


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