Mumbai, Feb. 4 -- The tech-heavy Nasdaq finished the session down 235.49 points (1.2%) at 19,391.96. The S&P 500 also slid 45.96 points (0.8%) to 5,994.57 while the Dow fell 122.75 points (0.3%) to 44,421.91.

Stocks rebounded after Trump paused tariffs on Mexico for a month, with Mexico deploying 10,000 guards to curb fentanyl trafficking. Trump also threatened tariffs on the UK and EU, leading to retaliatory tariffs from Canada, Mexico, China and the EU.

Computer hardware stocks ended the day significantly lower, dragging the NYSE Arca Computer Hardware Index down by 2.6%. Considerable weakness also remained visible among housing stocks, as reflected by the 2.4% slump by the Philadelphia Housing Sector Index. Airline, semiconductor and...