10 things you need to know before the opening bell

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10 things you need to know before the opening bell
The House approved the $1.9 trillion stimulus package on WednesdayANDREW CABALLERO-REYNOLDS / Getty Images

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Here's what you need to know before markets open.

1. Global stocks rise after the House passes Biden's $1.9 trillion stimulus package and fears of inflation subside. Government bond yields fell, easing investor worries about stock valuations.

2. World's biggest asset manager says gold is failing as a hedge against inflation and stocks. BlackRock is unimpressed by the yellow metal's performance.

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3. The son of 'gold bug' and bitcoin critic Peter Schiff moved 100% of his portfolio into the cryptocurrency. One commentator said at least someone in Schiff's family was growing their wealth this year.

4. GameStop stock hit with 6 trading halts as volatility spike results in $176 daily trading range. It was another wild day for the video-game store stock on Wednesday.

5. The COO of Goldman Sachs says client demand for bitcoin is rising as the cryptocurrency flirts with record highs. John Waldron said: "We continue to evaluate it... and engage on it."

6. Earnings expected. Rolls-Royce posted a heavy loss, and DocuSign is up in the US.

7. On the data docket. Traders will be focused on weekly jobless claims.

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8. SPAC skeptics are wagering billions against the 'blank-check' revolution. Exclusive data shows these are the 20 most-shorted SPACs in the market right now as many see a bubble swelling.

9. A fund manager who's beaten 95% of his peers over the past 5 years broke down his favorite growth opportunities. Matt Moberg also shares with us 3 e-commerce stock picks for one of the most 'misunderstood' parts of the market.

10. Biden's stimulus roll-out is going to catalyze a flood of consumer spending. Jefferies says buy these 36 stocks poised to surge this spring as that happens.

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