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Volkswagen tests pickup truck

The markets traded mixed during the midday with the Dow rising 21 points to 23,878. Nasdaq dropped 50 points to 6958.


Volkswagen revealed a prototype pickup truck that will be used to gauge customer reaction and solicit feedback. The German automaker does not sell pickup trucks in the United States and has not since the mid 1980s. Since 16% of auto sales in the U.S. last were pickups, Volkswagen is exploring the possibility of reentering the lucrative market.


Facebook has changed its privacy settings so that users can more easily control the kind of data that they share. News that data analytics firm Cambridge Analytica used the personal information of up to 50 million Facebook users sparked a backlash against the social media giant with many users deleting their accounts. Chief executive Mark Zuckerberg has apologized for the incident and will testify before Congress about the matter.


The National Highway Traffic Safety Administration is investigating a fatal crash involving a Tesla that occurred last week in California. A Model X SUV hit a highway median, flipped, then was struck by two vehicles. The cause of the crash is still under investigation.


In the broad market, advancing issues outpaced decliners by a margin of nearly 6 to 5 on the NYSE while decliners edged out advancers by more than 4 to 3 on Nasdaq. The broader S&P 500 slipped 3 points to 2,608. Bitcoin fell $677 to $7,940.


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