Mumbai, Aug. 26 -- The Dow slid 349.27 points or 0.8 percent to 45,282.47, the S&P 500 fell 27.59 points or 0.4 percent to 6,439.32 and the Nasdaq slipped 47.24 points or 0.2 percent to 21,449.29.

Wall Street weakened as traders engaged in profit-taking after last Friday's strong rally that pushed the Dow to a record closing high. The surge was driven by Fed Chair Jerome Powell's remarks signaling a likely interest rate cut next month.

Despite the pullback, selling pressure remained muted as investors awaited key events later this week. Market focus is on Nvidia (NVDA), with the AI leader set to release its Q2 earnings after Wednesday's close.

Commerce Department released a report showing new home sales in the U.S. decreased from an up...