Mumbai, Jan. 30 -- The Nasdaq slid 101.26 points or 0.5% to 19,632.32, the S&P 500 fell 28.39 points or 0.5% to 6,039.31 and the Dow dipped 136.83 points or 0.3% to 44,713.52.

The Fed maintained the federal funds rate at 4.25-4.50% to support maximum employment and its 2% inflation target, citing inflation as somewhat elevated. Committed to bringing inflation down, the central bank will reassess policy at its March 18-19 meeting, where officials will update their projections. CME Group's FedWatch Tool shows a 77.6% chance of unchanged rates and a 22.3% chance of a 0.25% cut.

Nvidia(NVDA) slumped along with AI darling and the market leader tumbled by 4% after surging 8.8% on Tuesday. Nvidia came under pressure after a report from Bloombe...