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Stock market on June 4: S&P 500 and Nasdaq plunge as optimism fades
Yesterday, equity indices finished lower. The
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Yesterday, equity indices finished lower. The S&P 500 fell by 0.74%, and the Nasdaq 100 dropped by 0.89%. The Dow Jones Industrial Average lost 1.21%. The record rally stumbled on two fronts — and both hit on the same day. A weak guide from Broadcom dented the AI narrative, and renewed clashes between the US and Iran knocked the wind out of sentiment. The MSCI Asia Pacific index fell by 1.6%, ending a four-day run to record highs. South Korea's KOSPI,
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