**__ Diplomatt’s Daily Digest – February 18, 2022__**
Good morning and happy Friday, everyone! The market will be CLOSED on Monday in observance of President’s day. Stock futures moved higher in premarket trading following the Dow Jones Industrial Average’s worst day of 2022 as investors dumped risk assets amid geopolitical concerns. On Thursday, Wall Street suffered a steep sell-off, with the Dow falling more than 600 points for its biggest daily drop since the end of November. The S&P 500 dropped more than 2% to break a two-day winning streak, while the Nasdaq Composite declined 2.9%. Investors have been grappling with the outlook for Federal Reserve policy. St. Louis Fed President James Bullard, who had just called for aggressive action, warned that inflation could get out of control without rate hikes. Wall Street feels very jittery as it sees intensifying geopolitical risks in Ukraine. Then it considers the potential for aggressive Fed tightening.
Quote of the week: “We will not learn how to live together in peace by killing each other’s children.” -Jimmy Carter
• Investors continued to be on edge about the ongoing tensions between Russia and Ukraine. Ukraine accused pro-Russian separatists of attacking a village near the border. In the U.S., meanwhile, Secretary of State Antony Blinken spoke to the United Nations and warned that the situation is at a “moment of peril.”
• Roku shares fell as much as 20% in extended trading on Thursday after the video-streaming company issued fourth-quarter revenue and first-quarter revenue guidance that came in below consensus.
• The Senate passed a short-term government funding bill, sending it to President Biden’s desk hours before a shutdown deadline.
• Cathie Wood of Ark Invest said Thursday the technology companies in her innovation-focused portfolio are drastically undervalued, and she believes that her fund’s recent sell-off is short-lived.
• Ford’s Mustang Mach-E, the automaker’s bold bet to lead its transformation into selling more electric vehicles, replaced the Tesla Model 3 as Consumer Reports’ “Top Pick” for an electric vehicle in 2022.
**StockTwits Top 10 Trending Tickers of the Day:**