Mumbai, Feb. 26 -- The Nasdaq plunged 260.54 points (1.4%) and the S&P 500 slid 28.00 points (0.5%), although the narrower Dow bucked the downtrend and climbed 159.95 points (0.4%) to 43,621.16.

Significant weakness among technology stocks weighed on Wall Street, as reflected the notable slump by the tech-heavy Nasdaq. AI darling Nvidia (NVDA) tumbled by 2.8% ahead of the release of its fourth quarter results.

The Conference Board said its consumer confidence index plunged to 98.3 in February from an upwardly revised 105.3 in January. Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board, noted the consumer confidence index saw its largest monthly decline since August 2021.

Semiconductor stocks substantial mov...