Mumbai, Oct. 17 -- The Dow slid 301.07 points (0.7%) to 45952.24, the S&P 500 declined 41.99 points (0.6%) to 6,629.07 and the Nasdaq fell 107.54 points (0.5%) to 22,562.54.

Wall Street stumbled as worries about bad loans resurfaced following the bankruptcies of auto-related firms First Brands and Tricolor Holdings. JPMorgan CEO Jamie Dimon warned that "when you see one cockroach, there are probably more," fueling fears of broader trouble. Regional banks like Zions Bancorp and Western Alliance saw sharp declines, while Jefferies also tumbled due to its exposure to First Brands.

Meanwhile, early optimism from Taiwan Semiconductor's strong earnings faded as the chipmaker slipped 1.6% after hitting a record intraday high. Despite reporting...