Mumbai, Sept. 26 -- The Nasdaq slid 113.16 points (0.5%) to 22,384.70, the S&P 500 declined 33.25 points (0.5%) to 6,604.72 and the Dow fell 173.96 points (0.4%) to 45,947.32.

AI player Oracle (ORCL) plunged by 5.6% on the day, although shares of Nvidia (NVDA) saw modest strength after moving notably lower over the two previous sessions.

Labor Department released a report unexpectedly showing an extended pullback by first-time claims for U.S. unemployment benefits in the week ended September 20th. It also mentioned that initial jobless claims fell to 218,000, a decrease of 14,000 from the previous week's revised level of 232,000. The Commerce Department also released separate reports showing an unexpected surge by durable goods orders i...