**__ Diplomatt’s Daily Digest – May 6, 2022__**
Good morning and happy Friday, everyone! Stock futures were lower in early morning trading Friday after the Dow Jones Industrial Average posted its worst day since 2020. The moves came after stocks sold off sharply on Thursday’s. The Dow lost more than 1,000 points, and the tech-heavy Nasdaq Composite fell nearly 5%. Both indexes notched their worst single-day drops since 2020. The S&P 500 fell 3.56%, its second-worst day of the year. Thursday’s losses erased Wednesday’s big post-Federal Reserve meeting rally. Fed Chair Jerome Powell ruled out the prospect of larger rate hikes on Wednesday, sending the S&P 500 and the Dow to their best daily gains since 2020. Investors are looking ahead to the April jobs report, set for release Friday morning. Economists surveyed by Dow Jones expect employers added 400,000 jobs to nonfarm payrolls, down slightly from 431,000 in March.

Quote of the week: „Successful people do what unsuccessful people are not willing to do. Don’t wish it were e1 millioasier; wish you were better.“ – Jim Rohn

**General News:**
• The U.S. Food and Drug Administration announced it was limiting the use of Johnson & Johnson’s Covid-19 vaccine for adults due to the risk of a rare blood clotting syndrome. This news comes off the heels of the US hitting the staggering number of 1 million covid deaths.
• Reports are circulating that the US is providing intelligence that helped Ukraine target the Russian Warship, the Moskva, and Russian generals to which US officials are denying.
• Electric luxury vehicle maker Lucid Group announced it now has more than 30,000 reservations for its Air sedan, but any customers making reservations after June 1 will have to pay higher prices.
• Chinese electric carmaker Nio announced that it’s planning a secondary share listing in Singapore. Nio, which is listed on the New York Stock Exchange, also carried out a secondary listing in Hong Kong in March. Singapore would be the third exchange that Nio’s shares are trading on.
• DoorDash stock rose over 10% in extended trading after the company reported 35% revenue growth in the first quarter, suggesting that the company’s core business of delivering takeout food can still grow even after pandemic-driven highs.
• A consortium including former Disney CEO Bob Iger, sports agent Rich Paul, eBay and the Chernin Group is buying a 25% stake in toy maker Funko. The investment, which is worth $263 million, or $21 per share, means Chernin will add two directors to Funko’s board

**StockTwits Top 10 Trending Tickers of the Day:**
2. BTC
3. SQ
7. CI
9. FLR
10. ACMR

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