10 things you need to know before the opening bell
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1. US futures fell for the third consecutive day. Traders and investors sold off stocks as they braced for a jump in inflation.
2. The UK economy grew by 2.1% in March, exceeding expectations. The vaccine roll-out is driving economic recovery.
3. Christie's auctioned a set of CryptoPunk NFTs for almost $17 million. This was almost double the expected sales value.
4. Ray Dalio says the US economy could overheat and the dollar might fall. The billionaire based this on the government's fiscal push.
5. Recently IPOed stocks like DoorDash, Bumble and Honest Co tumble. Many hit an all-time low amid a broader market sell-off.
6. Earnings expected. Toyota, SoftBank, Telekom, Allianz, Bayer, Wix.com and Hapag-Lloyd are some to watch.
7. On the data docket. US consumer price data is due and the UK reported first-quarter GDP.
8. A 29-year-old crypto billionaire who's perfected digital-currency arbitrage explains why ether is unlikely to surpass bitcoin. Sam Bankman-Fried also shares 2 tips for investors looking to get started in trading.
9. Real-estate investor Brandon Turner owns 1,500 units and achieved financial independence by age 27. He shares 6 steps for buying a first rental property within 3 months.
10. Renowned strategist Tom Lee shares 3 top sectors to buy to leverage a fully open US economy for the rest of 2021. He also breaks down an oil-driven trade with more than 370% upside.