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David, a Mark Cuban-backed banking app, begins trading on the Nasdaq following its merger with SPAC

Futures signaled further pain for tech stocks after Wednesday’s rout, adding to the nearly $1 trillion in value wiped out of the Nasdaq Composite Index this week already as a surge in U.S. bond yields spook investors.

Nasdaq 100 futures point to a further 0.4% drop on Thursday after the worst two-day rout since March, with Apple        Inc., Tesla Inc. and Netflix Inc.               falling again in pre-market trading

The Nasdaq Composite Index has lost nearly $1 trillion this week after the pace of a spike in US bond yields took investors by surprise, fueling expectations of a volatile 2022.

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The Nasdaq Composite Index has lost nearly $1 trillion this week after the pace of a spike in US bond yields took investors by surprise, fueling expectations of a volatile 2022.