Date

**__ Diplomatt’s Daily Digest – May 10, 2022__**
Good morning and happy Tuesday, everyone! U.S. stock futures rose Tuesday morning, as the S&P 500 tried to rebound after falling to its lowest level in more than a year. Monday’s decline was sparked by continued fears over rising inflation that hit markets on all sides. Tech stocks especially took a beating. Shares for Meta Platforms and Alphabet fell 3.7% and 2.8%, respectively. Shares for Tesla dropped more than 9%. Peloton Interactive and Fox are set to report earnings on Tuesday before the bell. Coinbase, Roblox, RealReal, and Allbirds are expected to report earnings on Tuesday after market close.

Quote of the week: “The secret of change is to focus all your energy not on fighting the old but on building the new.” — Socrates

**General News:**
• President Joe Biden urged Congress on Monday to quickly approve a multibillion-dollar aid package for Ukraine before trying to pass a new round of Covid-19 funding, warning that U.S. aid for that country’s fighters has nearly been exhausted.
• Apple, the most valuable publicly traded company, has seen its market capitalization trimmed by over $200 billion since Wednesday when the Fed raised interest rates by a half percentage point. With tech giants losing more than $1 trillion in value over the previous 3 trading days.
• Papa John’s is seeing improvement in staffing levels in restaurants across the country.
• Novavax reported its first profitable quarter as its Covid vaccine rolls out across several countries around the world, though the company still missed earnings and revenue expectations.
• Former Alabama corrections officer Vicky White died from injuries after she and escaped inmate Casey White were arrested in Indiana earlier Monday.
• Ball Corporation announced today an agreement to repurchase approximately $300 million of its outstanding common stock in a privately negotiated.
• Coinbase shares plunge from November highs amid crypro selloffs.

**StockTwits Top 10 Trending Tickers of the Day:**
1. UPST
2. SOFI
3. LUNA
4. AUPH
5. NVAX
6. VTNR
7. AMC
8. PLTR
9. AFRM
10. NTES

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