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Nasdaq drops over 500 points as Iran rejects US ceasefire plan, market sentiment stays in extreme fear.

Market News
27 Mar 2026
Benzinga
View Source
Bearish
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The Nasdaq Composite fell more than 500 points amid rising crude oil prices after Iran rejected the US's latest ceasefire proposal, escalating geopolitical tensions. The White House confirmed ongoing talks but Iran countered with demands for control over the Strait of Hormuz. Most sectors in the S&P 500 closed lower, especially communication services, technology, and industrials, while energy and utilities gained. The CNN Fear & Greed Index remained in the 'Extreme Fear' zone, reflecting investor anxiety amid these developments and steady US jobless claims data.

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