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**__ Diplomatt’s Daily Digest – April 29, 2022__**
Good morning and happy Friday, everyone! U.S. stock futures fell early Friday morning following an extravaganza of Big Tech earnings that featured results from Amazon and Apple. Despite Thursday’s gains, stocks still have a ways to go to finish green for the month. The Dow is off by 2.2% for the month and the S&P 500 is down 5.4%. The Nasdaq is on pace for its worst month since March 2020, down 9.5%. Friday will be the last trading day of the month. This has been one of the busiest weeks for earnings season and a particularly intense one for tech companies, which have driven investor sentiment throughout the week. Beyond earnings, investors remain concerned about slowing global growth, rising inflation and the Federal Reserve’s monetary tightening. The Commerce Department reported U.S. gross domestic product unexpectedly declined in the first quarter by 1.4% from the previous year. Friday will bring a quieter day of earnings to end the week. Honeywell, Bristol-Myers Squibb are on deck before the bell.

Quote of the week: “Good things come to people who wait, but better things come to those who go out and get them.” —Anonymous

**General News:**
• Elon Musk sold roughly $4 billion worth of Tesla shares in the days following his bid to take Twitter private. Elon Musk will be the most indebted CEO in America if the Twitter deal goes through.
• Apple’s revenue grew nearly 9% year over year in the quarter ended in March showing strong growth and bucking investor worries about a deteriorating macroeconomic environment affecting demand for high-end smartphones and computers. However, Apple shares fell nearly 4% in extended trading after Apple CFO Luca Maestri warned of several challenges in the current quarter, including supply constraints related to Covid-19 that could hurt sales by between $4 billion and $8 billion.
• Russia cuts key interest rate to 14% with inflation potentially hitting 23% in the country this year.
• Amazon shares tumbled around 9% in extended trading after reporting a surprise loss thanks to its investment in Rivian and issued weak revenue guidance for the second quarter.
• Shares of Robinhood dropped more than 11% after hours, after the company reported a wider-than-expected loss, shrinking revenue and a decrease in monthly active users.

**StockTwits Top 10 Trending Tickers of the Day:**
1. BABA
2. APPL
3. AMZN
4. APE
5. HOOD
6. XOM
7. ROKU
8. JD
9. TSLA
10. CVX

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