Mumbai, Sept. 25 -- The Dow slid 171.50 points (0.4%) at 46,121.28, the Nasdaq fell 75.62 points (0.3%) to 22,497.86 and the S&P 500 dipped 18.95 points (0.3%) to 6,637.97.

AI darling and market leader Nvidia (NVDA) slid by 0.9% after tumbling by 2.8% on Tuesday while fellow AI player Oracle (ORCL) slumped by 1.7%.

Federal Reserve Chair Jerome Powell's remarks have added pressure to the markets, as he noted that equity prices appear fairly highly valued after recent record highs. His comments reignited concerns about stretched valuations, causing traders to grow cautious about the sustainability of the rally. The uncertainty has kept investors on edge, weighing sentiment in the markets.

Powell also highlighted the complex outlook for i...