Mumbai, Aug. 21 -- The tech-heavy Nasdaq ended the day down 142.10 points (0.7%) at 21,172.86 after plunging by as much as 1.9% in early trading. The S&P 500 also dipped 15.59 points (0.2%) to 6,395.78 while the Dow inched up 16.04 points or less than a tenth of a percent to 44,938.31.

Wall Street opened lower on Tuesday as technology stocks faced heavy selling, following reports that the Trump administration is considering taking equity stakes in chipmakers receiving CHIPS Act funding. The news sparked concern over government involvement in private companies, despite suggestions that such stakes could encourage additional investor confidence.

Selling pressure eased later in the session, with traders buying at discounted levels. Market ...