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

1. STOCK NEWS:

Amazon (AMZN) CEO Andy Jassy confirmed a plan to eliminate just over 18,000 jobs [more]
Walgreens Boots Alliance (WBA) reported upbeat Q1 results [more]
T-Mobile (TMUS) said it expects to post its highest ever postpaid account net adds in 2022 [more]
Constellation Brands (STZ) reported mixed Q3 results [more]
Bed Bath & Beyond (BBBY) warned of a "substantial doubt" about remaining a "going concern" [more]

2. WALL STREET CALLS:

Ally Financial (ALLY) double downgraded to Underperform at BofA [more]
Capital One (COF) downgraded to Underweight at Stephens on auto lending concerns [more]
American Express (AXP) also cut to Underweight at Stephens on growth and capital worries [more]
Cowen downgrades Coinbase (COIN) on low visibility into trading recovery [more]
UBS cuts Gap (GPS) and Victoria's Secret (VSCO) to Sell, sees earnings outlooks deteriorating in 2023 [more]

3. AROUND THE WEB:

Western Digital (WDC) and Kioxia are said to revive merger discussions, Bloomberg reports [more]
Bear Cave sees "more problems" at Rumble (RUM) [more]
Foxconn (HNHPF) source says December iPhone (AAPL) orders "unchanged," Reuters reports [more]
Samsung's (SSNLF) profit could plunge nearly 50% in Q4, CNBC reports [more]
Walgreens plans to sell abortion pill following FDA rule change, WSJ says [more]

4. MOVERS:

Novocure (NVCR) and Zai Lab (ZLAB) increase in New York after announcing the LUNAR study met its primary endpoint [more]
Lamb Weston (LW) higher after reporting quarterly results and raising FY23 guidance [more]
Stitch Fix (SFIX) rises after announcing Spaulding will step down as CEO [more]
Silvergate Capital (SI) declines after providing a business update and announcing plans to reduce its headcount by 40% [more]
AppLovin (APP) lower after Benchmark initiated coverage of the stock with a Sell rating [more]

5. EARNINGS/GUIDANCE:

Simply Good Foods (SMPL) reported upbeat Q1 results [more]
AngioDynamics (ANGO) reported better-than-expected Q2 results [more]
SelectQuote (SLQT) provided upbeat Q2 revenue guidance and raised its FY23 revenue outlook [more]
Bionano Genomics (BNGO) also provided upbeat Q4 and FY22 revenue guidance [more]
Conagra Brands (CAG) issued a "beat and raise" report for Q2 [more]

INDEXES:

Near midday, the Dow was down 363.99, or 1.09%, to 32,905.78, the Nasdaq was down 105.89, or 1.01%, to 10,352.87, and the S&P 500 was down 38.52, or 1.00%, to 3,814.45.