10 things you need to know before the opening bell
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1. US tech stock futures slide as 10-year yield surges past 1.7%. See what markets are doing today.
2. Michael Burry said he'll stop tweeting after SEC regulators paid him a visit. His incendiary tweets have piqued the interest of federal regulators.
3. Cash App is allowing users to send and receive bitcoin without any transaction fees. The payments company announced a $1 million bitcoin giveaway to users based in the US.
4. Morgan Stanley is to offer wealthy clients bitcoin fund access. Two funds will be run by Galaxy Digital, the crypto firm founded by Mike Novogratz, while one will be jointly managed by FS Investments and NYDIG.
5. There's no good reason to own bitcoin unless you see prices going up, Bank of America says. BofA data found bitcoin's inflation hedging benefits are "not particularly apparent."
6. Earnings expected. Nike, Accenture, and FedEx are highlights.
7. On the data docket. US jobless claims and the EIA natural gas storage change are due.
8. NFTs like NBA Top Shot are fueling a trading boom in million-dollar sports cards. The CEO of a fractional sports-investing platform breaks down why digital collectibles are the 'perfect intersection of passion and profits.'
9. Bank of America foresees the vaccine rollout and stimulus checks lifting spending on home improvement and office furnishing. The firm recommends 9 stocks to buy as the economic recovery continues.
10. A multi-asset fund manager who's beaten 97% of his peers over the last 3 years shares his 4 top investment ideas right now. Michael Cuggino also shares the 3 stocks best-positioned for the economic recovery.