US stock markets opened lower on Thursday, extending a recent period of volatility that has particularly impacted the technology sector.
The Nasdaq Composite and Dow Jones Industrial Average both traded in negative territory at the start of the session, reflecting persistent investor caution.
The market's subdued start came even as semiconductor giant TSMC reported strong quarterly results.
The market's subdued start came even as semiconductor giant TSMC reported strong quarterly results.
Despite the positive earnings data, TSMC shares fell approximately 2 percent at the open, illustrating the prevailing risk-off sentiment that is overriding individual corporate strength.
A significant driver of the day's narrative is Uber's announcement that it intends to acquire food delivery service Delivery Hero.
The ride-hailing giant placed a bid of $41.50 per share for the European delivery platform.