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10 things you need to know before the opening bell

May 6, 2021, 17:11 IST
Business Insider
JOHANNES EISELE/AFP via Getty Images

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1. Global stocks gain after US jobs and oil demand data fuel economic optimism. See what markets are doing today.

2. Bill Gates transferred stock worth about $2.4 billion to Melinda Gates. The tech billionaire moved some of his holdings on the same day they announced their divorce.

3. New rules could tackle the 'gamification' of trading, SEC chief Gary Gensler says. He raised concerns that popular trading apps like Robinhood could be prompting users to make bad decisions.

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4. The IRS is seeking identities of taxpayers who used cryptocurrencies. Transactions worth at least $20,000 carried out via Kraken will be investigated under a court-approved summons.

5. Archegos may wind down as banks seek to recoup billions in losses. The family office has reportedly hired restructuring advisers to tackle financial and operational obstacles.

6. Earnings expected. Volkswagen and Square are highlights.

7. On the data docket. US jobless claims, and speeches from New York Fed President John Williams and Bank of England Governor Andrew Bailey are due.

8. Dave Bujnowski beat 99% of his peers to return 125% last year. The Baillie Gifford investor shares 5 stocks set to benefit from the end of the pandemic and a hyperconnected economy.

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9. Bloomberg Intelligence's top ETF expert broke down the stock market's biggest themes for the rest of 2021. Eric Balchunas names 21 funds that tap into the stock market's biggest themes.

10. The head of investment strategy for iShares' $2.2 trillion US business breaks down why the recovery trade still has plenty of room to run. Gargi Chaudhuri also shares 5 areas of the market where she sees the best opportunities now.

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