**__ Diplomatt’s Daily Digest – May 4, 2022__**
Good morning, happy Wednesday, and May the Fourth be with you all. Stock futures moved higher in early morning Wednesday as investors braced for the Federal Reserve’s big interest rate decision, where the central bank is widely expected to hike rates by half a percentage point. Markets are preparing for a hawkish Fed, and the central bank is also expected to announce a plan to cut its roughly $9 trillion balance sheet by $95 billion a month, beginning in June. On Tuesday, the Dow added 0.20%, and the S&P 500 gained 0.48%. The tech-heavy Nasdaq Composite rose 0.22%. The moves came as the markets attempt to recover from a brutal tech-led April sell-off that saw the Nasdaq hit its worst month since 2008. The Dow and S&P 500 also finished their worst month since March 2020. The S&P 500 is currently trading in correction territory, down about 12.4% year to date.

Quote of the week: „Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.“ – Jim Rohn

**General News:**
• The European Union’s top official called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions against Moscow for its war in Ukraine.
• Uber reported surging revenue during the first quarter as the rideshare company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. The company appears to be on track to surpass pre-pandemic levels as travel accelerates.
• Moderna sold $5.9 billion of its Covid vaccine in the first quarter, blowing out revenue and profit expectations. Moderna maintained its full-year guidance of $21 billion in Covid vaccine sales. The sales guidance is based on signed agreements with governments and does not include any orders from the U.S., so the final number could ultimately come in higher.
• The U.S. Securities and Exchange Commission is investigating Didi after its tarnished initial public offering, adding further pressure on the Chinese ride-hailing giant.
• Shares of Lyft lost more than a quarter of their value in after-hours trading Tuesday after the company provided light second-quarter guidance and warned investors it will have to keep spending on driver incentives.
• SpaceX is expanding the solar farm at its Starbase in Boca Chica, Texas.

**StockTwits Top 10 Trending Tickers of the Day:**
1. AMD
6. APE
10. CVS

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