Yahoo Finance market reporter Jared Blikre assesses the market and sector action in the day's final trading hour, as well as the U.S. dollar, ARK ETF components, the software space, and bitcoin prices.
The Competition and Markets Authority said it would examine whether the deal could harm competition.
The Competition and Markets Authority (CMA) said it had until Sept. 1 to make its phase 1 decision on whether the deal between the U.S. technology company and video-game maker Activision would reduce competition in the UK. The phase 1 investigation by the CMA will either lead to the deal being cleared or will move to a more in-depth phase 2 probe. Both Microsoft and Activision did not immediately respond to Reuters' requests for comments.