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

1. STOCK NEWS:

The SEC has charged 16 Wall Street firms, including Bank of America (BAC), Barclays (BCS), and Citi (C), with widespread recordkeeping failures [more]
Apple (AAPL) is pulling back from its previously planned iPhone production boost, according to Bloomberg [more]
Biogen (BIIB) shares surged after the company and Eisai's (ESALY) Phase 3 trial of Alzheimer's drug lecanemab showed results that analysts called "a near best case scenario" [more]
BTRS Holdings (BTRS) agreed to be acquired by private equity firm EQT for $9.50 per share in cash [more]
At a company event, Amazon (AMZN) unveiled the Fire TV Omni QLED Series, Kindle Scribe, Halo Rise bedside sleep tracker, four new Echo devices, and the third generation Fire TV Cube and Alexa Voice Remote Pro [more]

2. WALL STREET CALLS:

Netflix (NFLX) upgraded to Overweight from Neutral at Atlantic Equities [more]
Wells Fargo downgraded Lockheed (LMT) to sell, says will "under-grow" defense peers [more]
Illumina (ILMN) upgraded to Outperform at Evercore ISI ahead of analyst day [more]
Biogen (BIIB) upgraded at Mizuho, Baird and BMO Capital following positive trial data in early Alzheimer's disease patients [more]
BofA downgraded Equitrans Midstream (ETRN) to Underperform [more]

3. AROUND THE WEB:

Lyft (LYFT) will freeze all U.S. hiring through the end of 2022, NY Post reports [more]
Triumph (TGI) is near the "top of the takeover target list" after board change, Dealreporter says [more]
Spruce Point says sell Broadridge (BR), sees 65%-75% downside potential [more]
Macy's (M) is launching a third-party marketplace for sellers, Axios reports [more]
Twitter (TWTR) and Tesla (TSLA) CEO Elon Musk are "still negotiating" over depositions, NY Post says [more]

4. MOVERS:

Frontier Communications (FYBR) higher after being named to join the S&P 400 [more]
DocuSign (DOCU) up after announcing a restructuring plan and intentions to reduce workforce by 9% [more]
Algoma Steel (ASTL) declines after providing Q2 guidance [more]
Sandstorm Gold (SAND) decreases in New York after announcing $80M bought deal financing [more]
Hollysys (HOLI) lower after being provisionally identified under the HFCAA [more]

5. EARNINGS/GUIDANCE:

INDEXES:

The Dow rose 548.75, or 1.88%, to 29,683.74, the Nasdaq gained 222.13, or 2.05%, to 11,051.64, and the S&P 500 advanced 71.75, or 1.97%, to 3,719.04.