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Home Depot to give bonuses

The markets extended its gains during the midday with the Dow leaping 167 points to 26,420. Nasdaq rose 16 points to 7431.


Home Depot cited the corporate tax cut for implementing a bonus program for its hourly employees. Workers who have been with the home improvement retailer for at least 20 years will receive $1,000 while the amount will be prorated for those with less experience. The company did not announce any wage increases.


Apple revealed features of its next operating system, iOS 11.3, that will be available in the spring. A new power management tool will allow users to turn off certain features when the battery runs low and will also alert users when the battery is about to die. Four new Animoji characters will join the current offering of 12 animated emojis.


The European Union's highest court ruled that a class action lawsuit could not be brought against Facebook by an Austrian privacy activist. Max Schrems has alleged that Facebook violated data protection rights in Europe by providing the personal data of users to a U.S. intelligence agency. The European Court of Justice said that an individual case may be brought against Facebook in Austria.


In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by more than 6 to 5 on Nasdaq. The broader S&P 500 gained 6 points to 2,843. Bitcoin climbed $117 to $11,228.


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