Yahoo Finance's Jared Blikre breaks down how markets opened on Wednesday.
The tech-heavy Nasdaq Composite is down by over 27% so far this year. The recent 0.75% jump in the benchmark federal funds interest rate amid steep inflation and the very real possibility of an upcoming recession, supply chain challenges, and geopolitical tensions all are expected to continue exerting downward pressure on several stocks in 2022. Global tech stocks are expected to report the highest annual decline in the past 14 years in 2022.
The Competition and Markets Authority said it would examine whether the deal could harm competition