Mumbai, Aug. 3 -- US stocks quickly encountered profit-taking pressure after a sharp short-term rebound, with the S&P 500 flipping into negative territory just one day after its best single-session performance in weeks.

The Dow Jones Industrial Average edged down 6.06 points, or less than 0.01%, to close at 52,218.58. The S&P 500 fell 10.24 points (0.14%) to settle at 7,498.96. The tech-heavy Nasdaq Composite suffered a steeper decline, dropping 146.31 points (0.57%) to end at 25,690.90.

Market reports indicate that foreign investors have been net sellers in Taiwan's stock market for 11 consecutive days. Although Taiwan's stock market has seen a significant rebound recently, it still faces short-term adjustment pressure. Several major U...