Nasdaq ends lower for second day as Big Tech loses ground

The Nasdaq tumbled for a second straight session and the S&P 500 also fell, as rising Treasury yields prompted investors to sell Tesla, Microsoft and other Big Tech names

Factory activity expands in NovemberIndexes: Dow +0.29%, S&P 500 -0.27%, Nasdaq -1.26%

With banks benefiting from higher interest rates, the S&P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying. The Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&P 500 gained 0.17% to 4,690.7. Best Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.

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