Here's how market benchmarks started trading soon after open:

Stocks fell again on Wednesday, pulling the tech-heavy Nasdaq into correction territory as investors continue to sell tech shares as interest rates increase. The Nasdaq fell over 1%, declining more than 10% from its November high, while the Dow Jones Industrial Average and S&P 500 fell 0.96% and 0.97%, respectively.

Here's how the market settled on Wednesday:

S&P 500 Index (SPY  ): -0.97% or -44.35 points to 4,532.76

Dow Jones Industrial Average (DIA  ): -0.96% or -339.82 points to 35,028.65

Nasdaq Composite Index (QQQ  ): -1.15% or -166.64 points to 14,340.25

Disney taps Rebecca Campbell to head new international content group:

Disney (DIS  ) announced Wednesday it had formed an international content group to expand its entertainment pipeline in local and regional markets. That group will be lead by Disney streaming executive Rebecca Campbell in a newly expanded role of chairman of international content and operations.

"Great content is what drives the success of our streaming services, and I am thrilled to have the opportunity to work even more closely with the talented creators in our international markets who are producing new stores with local relevance to delight our audiences around the globe," Campbell said in a press statement.

Starbucks suspends its vaccine mandate for baristas:

Starbucks (SBUX  ) suspended its plan to require baristas to get vaccinated or submit to weekly testing following the Supreme Court's recent OSHA ruling.

Last week, the Supreme Court ruled that the Biden administration cannot mandate that large private employers require weekly testing for workers who are not fully vaccinated to enter the workplace.

"While the "Emergency Temporary Standard] is now paused, I want to emphasize that we continue to believe strongly in the spirit and intent of the mandate," wrote John Culver, chief operating officers and North American group president at Starbucks, in a letter Tuesday to baristas, CNBC reports.

The company still strongly encourages its staff to get vaccinated. Culver said in a letter that more than 90% of workers already disclosed if they have been vaccinated, and the "vast majority" have been fully vaccinated.

Housing starts post surprise gain in December:

Housing starts in the United States posted an unexpected increase last month, with heightened demand for single-family and multi-family homes continuing into the end of the year.

Housing starts rose at a seasonally adjusted annualized rate of 1.702 million in December, according to U.S. Commerce Department data published Wednesday, increasing by 1.4%. In November, starts rose by a downwardly revised rate of 8.1%. Starts for multi-family homes also increase by 10.7% to an annualized rate of 530,000, the fastest monthly increase since Feb. 2020.

Meanwhile, building permits increased by 9.1% in December, topping consensus economists for permits to fall by 0.8%.