**__ Diplomatt’s Daily Digest – April 11, 2022__**
Good morning and happy Monday! Stock futures were mostly lower early Monday morning as Wall Street looks to shake off a losing week. The fight against inflation is likely to be a market driver this week. Futures tied to the S&P 500 dipped 0.5%, and Nasdaq 100 futures slid 0.9%. Dow Jones Industrial Average futures slipped 0.2%. Those moves came as U.S. Treasury yields hit a new 3-year high overnight. The 10-year Treasury yield hit 2.7741% on Sunday evening and topped 2.76% Monday morning to start the week. Yields move inversely to prices, and one basis point equals 0.01%. Investors will get a look at fresh data, with the consumer price index for March due out on Tuesday and the producer price index following on Wednesday. Investors will also be keeping an eye on developments in Ukraine. Russia’s invasion of the country has caused volatility in oil and other commodities markets, which has, in turn, disturbed stocks.
Quote of the week: “The secret of getting ahead is getting started.” – Mark Twain
• Twitter shares fell in premarket trading Monday after CEO Parag Agrawal revealed that Elon Musk has abandoned his plan to join the company’s board.
• Ecommerce start-up Shopify said Monday it is planning a 10-for-1 stock split while seeking shareholder approval for a “founder share” for its CEO Tobi Lutke to increase his voting power.
• JetBlue Airways is planning to trim its summer schedule to avoid flight disruptions as it scrambles to hire ahead of what executives expect to be a monster peak travel season.
• Chinese electric car company Nio announced that it is raising prices and suspending production over the weekend as the latest Covid wave added to supply chain challenges.
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