At the close of trade, the Dow Jones Industrial Average index declined by 173.27 points, or 0.56%, to 30,961.82. The S&P500 index was down 44.66 points, or 1.13%, to 3,901.35. The tech-heavy Nasdaq Composite Index fell 167.32 points, or 1.43%, to 11,552.36.
Total 9 of11 major sectors of the S&P 500 declined, with energy, information technology, realty, and utilities issues all falling more than 2%.
ECONOMIC NEWS: The Commerce Department report showed retail sales rose by 0.3% in August following a revised 0.4% decrease in July.
The Labor Department latest report showed that import prices slid by 1% in August after tumbling by a revised 1.5% in July. The report also showed export prices dove by 1.6% in August after plummeting by a revised 3.7% in July.
A separate report released by the Labor Department showed initial jobless claims slipped to 213,000, a decrease of 5,000 from the previous week's revised level of 218,000.
Federal Reserve also released a report showing industrial production edged down by 0.2% in August after climbing by a downwardly revised 0.5% in July.
Among Indian ADR, ICICI Bank fell 0.9% to $23.17, Azure Power Global dropped 7.2% to $5.42, HDFC Bank fell 1.3% to $66.95, Tata Motors sank 1.7% to $27.61 and Dr Reddy's Labs fell 2.3% to $51.71. WNS Holdings sank 2.7% to $83.35, Wipro shed 0.8% to $5.07, and INFOSYS was down 1.6% at $17.79.
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