Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 

1. STOCK NEWS: 

• Apple (AAPL) reported upbeat Q2 results and raised its quarterly dividend, but said on its quarterly call that it is facing a $4B to $8B headwind from COVID shutdowns in China and silicon shortages [more]
• Amazon (AMZN) reported a quarterly loss, impacted by its investment in Rivian Automotive (RIVN), and provided worse-than-expected Q2 guidance [more]
  
• Elon Musk sold over $8B of Tesla (TSLA) shares following his Twitter (TWTR) bid [more]
  
• Intel (INTC) reported upbeat Q1 results and reaffirmed its FY22 revenue guidance [more]
  
• Chevron (CVX) reported upbeat Q1 earnings and revenue [more]
  

2. WALL STREET CALLS: 

• Accolade (ACCD) was downgraded by at least five Street firms after news that Accolade lost its "marquee customer," Comcast (CMCSA) [more]
• MasterCard (MA) downgraded to Underweight from Neutral at Piper Sandler [more]
  
• Comcast (CMCSA) downgraded to Neutral from Buy at BofA [more]
  
• MoffettNathanson upgraded Roku (ROKU) to Neutral from Sell with a $100 price target [more]
  
• BofA upgraded Fortune Brands (FBHS) to Neutral from Underperform after the company announced plans to spinoff its cabinets business, while KeyBanc downgraded the shares to Sector Weight from Overweight [more]
  

3. AROUND THE WEB: 

• China is planning to "pause" its campaign against domestic tech companies, WSJ reports [more]
• A top HSBC (HSBC) shareholder supports a breakup of the bank, Bloomberg reports [more]
  
• Netflix (NFLX) has laid off a number of Tudum editorial staff, TechCrunch reports [more]
  
• Elon Musk has lined up a new CEO for Twitter, Reuters says [more]
  
• iPhone production in India is expected to grow by five times in fiscal 2023, DigiTimes reports [more]
  

4. MOVERS: 

• Zymeworks (ZYME) rises after receiving a $10.50 per share non-binding acquisition proposal from ABF [more]
• TAL Education (TAL) jumps after reporting quarterly results and extending its share repurchase program [more]
  
• Olin (OLN), Mohawk Industries (MHK), and Avantor (AVTR) higher after reporting quarterly results [more]
  
• LianBio (LIAN) lower after partner Bristol Myers Squibb (BMY) announced the FDA approved Camzyos [more]
  
• Accolade (ACCD), Western Union (WU), and Eldorado Gold (EGO) lower after reporting quarterly results [more]
  

5. EARNINGS/GUIDANCE: 

• Honeywell (HON) provided a "beat and raise" report for Q1 [more]
• AbbVie (ABBV) reported upbeat Q1 results [more]
  
• Wipro (WIT) reported lower-than-expected Q4 results [more]
  
• Carlyle Group (CG) reported a year-over-year rise in Q1 earnings [more]
  
• Clearwater Paper (CLW) reported upbeat Q1 earnings and revenue [more]
  

INDEXES: 

Near midday, the Dow was down 485.08, or 1.43%, to 33,431.31, the Nasdaq was down 285.75, or 2.22%, to 12,585.78, and the S&P 500 was down 88.09, or 2.05%, to 4,199.41.