S&P 500 closes down as Powell nod triggers yield surge, dents tech; European stocks close lower as investors monitor data 
The Nasdaq Composite fell sharply for the second-straight day as higher interest rates appeared to put pressure on high-flying tech stocks, but banks and industrial names moved higher in a split market on Tuesday. 
The tech-heavy index was down 0.6%, while the S&P 500 shed was marginally higher. The Dow Jones Industrial Average was the relative outperformer, rising 180 points on the strength of bank and energy stocks. 
Social media giant Meta, the parent company of Facebook, fell more than 1%, while Roku slid more than 2% and biotech stock Moderna dropped more than 4%. Shares of Zoom Video Communications tumbled 17% a day after it beat earnings estimates but warned of a slowdown ahead as the Covid pandemic winds down and the demand for remote contact decreases. 
Best Buy also fell sharply after the company said comparable sales and gross profit margin might decline in the fourth quarter compared to the year ago period. 

The pan-European Stoxx 600 provisionally closed down by 1.1%, with tech stocks falling 3.1% to lead the losses as most sectors and major bourses dipped into negative territory. 
German conglomerate Thyssenkrupp fell almost 6% after a report that Swedish activist fund Cevian will take a 6.9% stake in the company. 
Source: CNBC, Investing.com