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The Dow finished 300 points lower on Tuesday, while the S&P 500 and Nasdaq 100 fell nearly 1.2% and 1.1%, respectively, led by a selloff in US regional lenders as concerns about financial stability grew after the second-largest bank failure in the country’s history. Adding to the bearish sentiment, job openings in the US reached their lowest point in almost two years, raising concerns about a potential slowdown. Meantime, European equities also took a hit, with the Euro Stoxx 50 Index down 1.5%. The oil and gas sector was the hardest hit, declining by more than 4% due to a drop in oil prices.
Summary for 03.05.2023
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