U.S. stocks slipped on Wednesday as a steep drop in U.S. durable goods orders last month underscored fears of more economic weakness, and falling commodity prices hurt shares in the energy and resources sectors.

A sell-off in China's stock market on concerns that authorities there might curb bank lending also hampered the broader market.

Among the Nasdaq's major decliners, Yahoo Inc tumbled after the Internet media company announced a 10-year Web search advertising deal with Microsoft Corp , but some investors were disappointed by the limited scope of the deal.

The Dow Jones industrial average <.DJI> dropped 75.35 points, or 0.83 percent, to 9,021.37. The Standard & Poor's 500 Index <.SPX> slid 10.51 points, or 1.07 percent, to 969.11. The Nasdaq Composite Index <.IXIC> fell 20.53 points, or 1.04 percent, to 1,954.98.

(Reporting by Leah Schnurr; Editing by Padraic Cassidy)