Mumbai, July 30 -- The Dow fell 204.57 points (0.5%) to 44,632.99, the Nasdaq declined 80.29 points (0.4%) to 21,098.29 and the S&P 500 dipped 18.91 points (0.3%) to 6,370.86.

Wall Street's pullback likely reflected profit-taking after a strong rally that pushed the Nasdaq and S&P 500 to record highs. Traders remained cautious ahead of Wednesday's Federal Reserve policy announcement. While no rate change is expected, the Fed's guidance could influence future rate outlooks.

In the coming days, focus will shift to the Labor Department's monthly jobs report and earnings from key Magnificent Seven firms like Apple, Amazon, Microsoft, and Meta. Meanwhile, U.S.-China trade talks in Stockholm remain under close watch ahead of Friday's "recipro...