Mumbai, May 29 -- The Dow declined 244.95 points or 0.6 percent to 42,098.70, the Nasdaq fell 98.23 points or 0.5 percent to 19,100.94 and the S&P 500 slid 32.99 points or 0.6 percent to 5,888.55.

President Donald Trump's trade policies are uncertain due to which the traders are on side lines following recent volatility. Trump's threat to impose 50 percent tariffs on imports from the European Union triggered a steep drop by stocks last Friday only for his decision to delay the proposed tariffs to spark the rally on Tuesday.

Nvidia's shares decreased by 0.5% after it's release of fiscal first quarter results. Housing stocks turned in some of the market's worst performances, dragging the Philadelphia Housing Sector Index down by 2.4 perce...