Mumbai, Aug. 1 -- The Nasdaq edged down 7.23 points or less than a tenth of a percent to 21,122.45, the S&P 500 fell 23.51 points or 0.4 percent to 6,339.39 and the Dow slid 330.30 points or 0.7 percent to 44,140.98.

Wall Street opened strong following upbeat earnings from tech giants Meta Platforms and Microsoft. Meta surged 11.3% after surpassing Q2 expectations and offering positive Q3 guidance, while Microsoft rose 4% on better-than-expected fiscal Q4 results. However, early gains faded as profit-taking kicked in after the Nasdaq and S&P 500 hit record highs.

Market sentiment was also influenced by ongoing trade tensions, with President Trump imposing a 15% tariff on South Korean goods. He also extended tariffs on Mexican imports an...