10 things you need to know before the opening bell

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10 things you need to know before the opening bell
Johannes Eisele/AFP via Getty Images

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1. US futures head to more record highs ahead of big tech earnings. See what markets are doing today.

2. UBS took a $744 million Archegos-related hit in Q1. The Swiss bank still beat expectations with a 14% rise in profit to $1.8 billion.

3. Elon Musk says Tesla sold bitcoin to show it's a good alternative to cash. The billionaire hasn't sold any of his personal bitcoin holdings.

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4. Robinhood's CEO says he's working to make it easier to withdraw crypto. He was responding to Mark Cuban, who said dogecoin's biggest issue is users can't spend their holdings on Robinhood.

5. BP tops Q1 estimates on strong gas trading. The company said it intends to resume share buybacks of around $500 million in the second-quarter.

6. HSBC beats expectations with 79% jump in Q1 pre-tax profit. Quarterly revenue fell 5% to $13 billion, but was still higher than the expected $12.6 billion.

7. Earnings expected. Microsoft, Alphabet, Visa, Eli Lilly, Starbucks, and 3M are highlights.

8. On the data docket. US consumer confidence, the Redbook index, the Richmond Fed manufacturing index, and API weekly crude oil stocks data are due.

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9. JPMorgan quant guru Marko Kolanovic has been known to move markets with his commentary. The firm's chief global markets strategist shares his top 5 trades to profit from the busiest 2 weeks of a promising earnings season.

10. Bank of America's investment chief says it's time to make the so-called "pain trade". Michael Hartnett shares the 3 ways investors can position for a treacherous market environment.

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