WEDNESDAY'S plunge in the Straits Times Index (STI) prompted speculation that Wall Street could end its Wednesday session sharply lower, which it did. So it was that Thursday's 20.26 points or 0.6 per cent slide to 3,395.27 in the STI led to speculation that the US market might again come under pressure during its own Thursday session ahead of a key payrolls report on Friday, though perhaps some weakness is to be expected given that the Dow Jones Industrial Average and S&P 500 had risen to all-time highs earlier in the week, while the Nasdaq Composite crossed 5,000 for the first time in 15 years.
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