Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly. 

1. STOCK NEWS: 

• Didi (DIDI) said its board has authorized procedures to delist from the NYSE [more]
• DocuSign (DOCU) tumbles after Q3 report called "debacle" [more]
  
• Ulta Beauty (ULTA) provided a "beat and raise" report for Q3 [more]
  
• Asana (ASAN) reported better than expected Q3 revenue [more]
  
• The FDA is planning a fast review of omicron vaccines and drugs, WSJ reports [more]
  

2. WALL STREET CALLS: 

• DocuSign (DOCU) downgraded by at least five Wall Street firms after Q3 "debacle" [more]
• Goldman admits to being wrong to stay on sidelines, upgrades Marvell (MRVL) to Buy, as rest of Street hike targets [more]
  
• Peloton (PTON) initiated with a Buy, $76 price target at Deutsche Bank [more]
  
• Raymond James upgrades Fastly (FSLY) on selloff, uptick in traffic [more]
  
• Citi upgrades Upstart (UPST) to Buy on resumption after 55% selloff [more]
  

3. AROUND THE WEB: 

• Apple (AAPL) phones of State Department employees hacked with NSO spyware, Reuters says [more]
• Ubiquiti (UI) developer Nickolas Sharp charged with stealing data and extortion, Register says [more]
  
• Credit Suisse (CS) intends to restructure banker pay, Bloomberg reports [more]
  
• Tesla (TSLA) CEO Elon Musk exercised more options, sold shares worth $1.01B, Reuters says [more]
  
• Citi (C) has applied for a securities license in China, WSJ reports [more]
  

4. MOVERS: 

• Zillow (Z, ZG) jumps after raising its Q4 Homes segment revenue guidance and approving a $750M share repurchase program [more]
• Nucor (NUE) rises after raising its quarterly dividend 23% and announcing a new $4B share repurchase program [more]
  
• Marvell (MRVL) and SunPower (SPWR) higher after reporting quarterly results [more]
  
• Esperion (ESPR) falls after a 32.143M share secondary priced at $7.00 [more]
  
• Sportsman's Warehouse (SPWH) lower after the company and Great Outdoors Group agreed to terminate their merger agreement [more]
  

5. EARNINGS/GUIDANCE: 

• Appian (APPN) reaffirmed its Q4 and FY guidance [more]
• Hibbett Sports (HIBB) provided a "beat and raise" report for Q3 [more]
  
• Big Lots (BIG) lowered its FY21 earnings guidance [more]
  
• Cooper Companies (COO) reported upbeat Q4 revenue [more]
  
• Yext (YEXT) reported upbeat Q3 results [more]
  

INDEXES: 

Near midday, the Dow was down $265.67, or 0.77%, to 34,374.12, the Nasdaq was down $434.28, or 2.82%, to 14,947.04, and the S&P 500 was down $68.63, or 1.50%, to 4,508.47.