**__ Diplomatt’s Daily Digest – March 10, 2022__**
Good morning and happy Thursday, everyone! Stock futures fell in early trading as peace talks between Ukraine and Russia showed little progress on key issues. Negotiations between Russian and Ukrainian foreign ministers ended with little progress, including a cease-fire and safe passage of fleeing civilians. Markets have been tied closely to the conflict and have been inversely correlated with energy prices, which have been on a tear higher during the Russia-Ukraine war. Other commodities that have seen significant rallies since the war in Ukraine also pulled back Wednesday, including silver and wheat. Investors have been worried about the impact of high prices on economic growth. Wednesday’s rally in the stock market was broad-based, with nine out of 11 sectors positive, led by technology. Gains in Big Tech names like Meta and Alphabet boosted the major averages.
Quote of the week: “We will not learn how to live together in peace by killing each other’s children.” -Jimmy Carter.
• Amazon shares jumped more than 6% in premarket trading after the company announced a 20-for-1 stock split and $10 billion buyback.
• Talks between Russia and Ukraine’s foreign ministers in Turkey on Thursday appear to have ended in failure, with no progress made on establishing a cease-fire or safe passage for civilians trying to flee the besieged city of Mariupol.
• Declining costs have been a key driving force behind solar adoption, but in 2021 prices jumped as broad economic challenges — including supply chain constraints — hit the industry, reversing years of falling prices.
• Major League Baseball on Wednesday said the league had canceled more games, pushing Opening Day to April 14 as negotiations between the owners and players union remain at a standstill.
• Amazon’s stock price would have closed today at a split-adjusted price of $139.28. Just as with Alphabet, Amazon’s stock split makes the e-commerce giant’s stock more palatable as a component in the price-weighted Dow Industrials.
• The U.S. House passed legislation that would fund the government through September and send nearly $14 billion in aid to Ukraine as it struggles to fend off an invasion by Russia. Congress has to pass a spending bill by Friday to prevent a government shutdown. To give the Senate enough time to vote on it, the House passed a second bill to extend current funding through Tuesday.
• Ukrainian Tesla employees who are asked to return to defend their country will receive pay for at least three months.
**StockTwits Top 10 Trending Tickers of the Day:**