Nasdaq edges lower, Lyft sinks on dour outlook

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Nasdaq edges lower, Lyft sinks on dour outlook
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Shares of ride-hailing firm Lyft plunged following a downbeat profit forecast.

slid 4.8% on lower-than-expected annual forecasts, while also announcing the retirement of Chief Executive Ravi Saligram.

is weighing a $1.5-billion expansion of its chip testing and packaging plant in Vietnam, two sources familiar with the matter told Reuters. Shares of the chip behemoth dipped 0.7%.

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