Mumbai, Dec. 2 -- The Dow slumped 427.09 points (0.9%) to 47,289.33, the Nasdaq fell 89.76 points (0.4%) to 23,275.92 and the S&P 500 slid 36.46 points (0.5%) to 6,812.63.

Wall Street pulled back as traders took profits after a strong five-day winning streak that had pushed major indexes back near record highs, following a sharp early-November selloff and a powerful relief rally. Sentiment had been boosted by dovish signals from Federal Reserve officials and market expectations-reflected in futures pricing-that there is roughly an 88% chance of another 25-basis-point rate cut at next week's policy meeting, but upcoming data kept risk appetite cautious.

At the same time, nerves were reinforced by softer macro data, as the ISM Manufacturi...