Lowe's to give bonuses

The markets traded lower during the midday with the Dow losing 25 points to 26,123. Nasdaq fell 16 points to 7395.


Lowe's is following the lead of rival Home Depot in announcing bonuses for its hourly employees after the Congress slashed corporate tax rates from 35% to 21%. Hourly employees will receive up to $1,000 depending on their length of service. The benefits package for full time employees will also be expanded to include up to ten weeks of paid maternity leave, two weeks of paid paternity leave and up to $5,000 for adoption assistance.


Nintendo is developing a mobile version of its popular Mario Kart game series. The go-kart racing game debuted in 1992 on the Super Nintendo Entertainment Systems and the latest Mario Kart 8 sold more than 7 million copies on the Nintendo Switch. Nintendo is rumored to be developing a mobile version of The Legend of Zelda.


Toyota announced yet another recall related to air bags. Approximately 645,000 vehicles around the world that were produced between May 2015 and March 2016 may have an electrical problem that could prevent an air bag from inflating during a crash. Owners of impacted vehicles will receive a letter from Toyota in March.


In the broad market, declining issues outpaced advancers by a margin of more than 4 to 3 on the NYSE and by 5 to 4 on Nasdaq. The broader S&P 500 lost 4 points to 2,819. Bitcoin crashed $1,294 to $8,752.


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.