By Johann M Cherian and Sukriti Gupta
February 25, 2025 – 7:53 AM PST
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(Reuters) – The tech-heavy Nasdaq led Wall Street declines on Tuesday, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment and investors braced for the potential impact of tighter U.S. trade curbs on Beijing.
A Conference Board report showed an index tracking consumer confidence stood at 98.3 in February compared with an estimate of 102.5, according to economists polled by Reuters.
Investors also focused on a report that said the U.S. was planning further restrictions on Nvidia’s chip exports to China and that Washington was consulting with allies about tightening chip controls on…
