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Fiat Chysler recalls 646,394 SUVs

The markets extended is gains during the midday with the Dow climbing 76 points to 22,633. Nasdaq gained 7 points to 6,524.


Fiat Chysler will recall approximately 646,394 vehicles to fix a problem with the brakes. Model year 2011-2014 Dodge Durango and Jeep Grand Cherokee SUVs may have brake booster shields that were improperly installed. The shields are supposed to protect the brake boosters from corrosion and were first installed as part of a 2014 recall of the same vehicles.


Walmart may offer same day delivery in New York. The world's largest retailer acquired delivery startup Parcel to provide last-mile delivery for fresh groceries and general merchandise. Parcel employs 7 full time workers and 45-50 part time workers who manage operations and deliver packages 24 hours a day.


The European Commission is expected to order Amazon to pay millions of euros in unpaid taxes to Luxembourg. The regulator has been investigating a sweetheart tax deal between Amazon and Luxembourg that capped the amount of taxes that the online retailer paid. Amazon has denied receiving special treatment from Luxembourg.


In the broad market, advancing issues outpaced decliners by a margin of nearly 9 to 8 on the NYSE while advancers barely edged out declines by a slim margin on Nasdaq. The broader S&P 500 rose 3 points to 2,532. Bitcoin plummeted $92 to $4,279.


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