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Need to Know: Why Lyft’s post-IPO stumble doesn’t have this top analyst panicking — yet

With equities set to take a breather after a sizzling start to the quarter, the action appeared to be most definitely elsewhere on Tuesday.

At a Hong Kong auction house, “cool millennial buyers in hoodies” reportedly dropped $28 million on Simpsons-themed art. Meanwhile, bitcoin took off like a rocket in the wee hours of Tuesday. (See more in chart of the day)

In yet another corner, investors were waiting to see if the hopes and dreams of the tech IPO world would be revived after a disappointing setback.

While Wall Street chalked up another win for the bulls on Monday, including a 1.2% gain for the Nasdaq, shares of ride-sharing service Lyft LYFT, +1.01% fell below their IPO price on the first full day of trading.

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