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Story summary
- CNBC Investing Club reports on March 3, 2026, that stocks were down but improved from earlier lows amid Iran war concerns.
- The S&P 500 fell 2.5% and the Nasdaq declined 2.7% before both ended about 1% lower.
- The U.S. Navy's potential aid to secure passage through the Strait of Hormuz helped stabilize the market.
- Honeywell announced plans for a spin-off of its aerospace division, trading as HONA later this year.
