Mumbai, Aug. 20 -- The Nasdaq ended the day just off its lows of the session, tumbling 314.82 points (1.5%) to 21,314.95. The S&P 500 also slid 37.78 points (0.6%) to 6,411.37. The Dow inched up 10.45 points or less than a tenth of a percent to 44,922.27 after reaching a record intra-day high in early trading.

Nvidia told CNBC it is evaluating a "variety of products" following a Reuters report that the company is developing a new AI chip for China. The Dow benefitted from a surge by shares of Home Depot (HD), as the home improvement retailer shot up by 3.2%. The strong gain by Home Depot came after the company maintained its full-year guidance despite reporting second quarter results that came in modestly below analyst estimates.

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