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Markets extend losses

After an historic route yesterday, the markets continued to sink with the Dow plummeting 260 points to 24,085. Nasdaq plunged 130 points to 6837.


On the upside


Skyworks Solutions (Nasdaq: SWKS) reported better than expected earnings for the first quarter, declared a quarterly dividend and announced a stock repurchase plan.


Second quarter earnings and revenue for Lumentum Holdings (Nasdaq: LITE) surged to top estimates.


Micron Technology (Nasdaq: MU) lifted its second quarter guidance and appointed David Zinsner to the position of senior vice president and chief financial officer.

On the downside


Vishay Intertechnology (NYSE: VSH) widened fourth quarter losses more than expected.


Shares of Cboe Global Markets (Nasdaq: CBOE) tumbled after yesterday's steep market losses.


Nutrien (NYSE: NTR) warned of slowing demand growth and lower margins.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 3 to 2 on Nasdaq. The broader S&P 500 plunged 34 points to 2,614. Bitcoin soared $263 to $7,073.


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