Ford introduces updated Focus

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The markets traded mixed during the midday with the Dow plummeting 126 points to 24,281. Nasdaq added 7 points to 7102.


Ford introduced the latest version of its Focus compact car for the Chinese and European market. The updated model boasts adaptive cruise control, adaptive headlights, and in some locations, the ability to read traffic signs. The vehicles will be made in Chongqing, China and Saarlouis, Germany as four-door sedans, five-door wagons and hatchbacks.


Bank of America will end its practice of lending funds to companies that make military-style weapons for civilian use. The bank has met with representatives of several business clients that manufacture military-style firearms to inform them of the change. Clients were not identified by name but Remington Outdoor listed Bank of America as one of its creditors in its Chapter 11 bankruptcy filing. 


Users in San Francisco will be able to rent cars through the Uber app later this month. Uber has partnered with startup Getaround to connect car owners and potential customers who want to rent a car for a few hours up to several days. Uber plans to expand its car rental program to other cities and may continue working with Getaround, which has operations in Boston, Chicago, Los Angeles, Portland, Seattle and Washington D.C.


In the broad market, advancing issues outpaced decliners by a margin of nearly 3 to 2 on the NYSE and by 6 to 5 on Nasdaq. The broader S&P 500 slipped 4 points to 2,652. Bitcoin gained $49 to $6,911.


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