Mumbai, Oct. 31 -- The S&P 500 also slumped 68.25 points (1%) to 6,822.34 while the narrower Dow posted a more modest loss, slipping 109.88 points (0.2%) to 47,522.12.

The weakness that emerged on Wall Street came amid a negative reaction to earnings news from tech giants Meta Platforms (META) and Microsoft (MSFT). Facebook parent Meta plunged by 11.3% to a five-month closing low after reporting better than expected third quarter results but forecasting an increase in AI spending. Microsoft also tumbled by 2.9% after reporting fiscal first quarter results that exceeded estimates but also saying capital spending growth will accelerate this fiscal year.

Alphabet (GOOGL) jumped by 2.5% after the Google parent reported third quarter results...