Mumbai, Dec. 16 -- The tech-heavy Nasdaq slid 137.76 points (0.6%) to 23,057.41, the S&P 500 dipped 10.90 points (0.2%) to 6,816.51 and the Dow edged down 41.49 points (0.1%) at 48,416.56.

Wall Street saw early strength as traders sought bargains after Friday's sharp pullback, but buying interest faded soon after the open. Persistent concerns over AI spending weighed on major tech names like Broadcom (AVGO) and Oracle (ORCL), limiting momentum in the broader market.

Caution also prevailed ahead of key U.S. economic data releases this week, including November's jobs report and October's retail sales on Tuesday, followed by November's CPI on Thursday. These indicators could shape expectations for future interest rate moves after the Fed's...