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Stock market on March 4: S&P 500 and NASDAQ hit by shock sell-off
Stock indices closed with another wave
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Stock indices closed with another wave of selling yesterday. The S&P 500 dropped by 0.94%, the Nasdaq 100 plunged by 1.02%, and the Dow Jones Industrial Average fell by 0.83%. A dramatic 8% plunge in Thailand's stock market earlier today, which triggered a trading halt, highlighted how the Middle East escalation has dented investor sentiment. The move was not entirely surprising given Thailand's vulnerability to external shocks, particularly those tied to energy prices. The country's heavy dependence on oil imports makes
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