Fitbit introduces Versa

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The markets retreated during the midday with the Dow falling 68 points to 25,109. Nasdaq dropped 60 points to 7528.


Fitbit introduced its Versa smartwatch that is priced at $199 with a battery life of four days. The Versa comes with a heart rate monitor, the Fitbit Coach and is waterproof for swimming laps. Approximately 300 songs can be stored on the Versa.


For the third consecutive year, Amazon topped the annual Harris Poll Reputation Quotient poll that ranks the reputation of the 100 most visible companies. Apple has steadily fallen from the number two position two years ago to number five last year and now is ranked at 29th place. Meanwhile, Tesla has climbed from ninth place last year to number three this year.


Volkswagen has upped it investment in electric vehicles by securing approximately $25 billion in partnerships for battery cells and other related technology. Sixteen factories will be updated to produce electric vehicles by 2022 with the goal of building 3 million electric cars per year by 2025. Volkswagen expects to have an electric version of all of its car models by 2030.


In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 5 on the NYSE and by more than 4 to 3 on Nasdaq. The broader S&P 500 fell 12 points to 2,770. Bitcoin rose $10 to $9,110.


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