Good morning moomooers! Here are things you need to know before the opening bell:

• Stock futures ticked marginally higher after the market stalled Tuesday, with major indexes ending the regular session slightly lower.

• Stocks making the biggest moves in the premarket: Zscaler Inc, RLX Technology, GameStop Corp& more

Market Snapshot

Stock futures ticked marginally higher after the market stalled Tuesday, with major indexes ending the regular session slightly lower.

Futures on the Dow Jones Industrial Average rose 88 points. S&P 500 futures gained 13.50 points. Nasdaq-100 futures added 51.75 points. The S&P 500 sits just about 1.1% from a record with the major benchmark little changed for the month of May.

Crypto

The price of bitcoin climbed back above $40,000 on Wednesday morning for a while, a week after its price tumbled 30% to around $30,000.

The world's most popular cryptocurrency was trading at $39,690 at 6:43 a.m. ET on Wednesday, up over 4.6% over the last 24 hours, according to Coin Metrics data.

All the other major digital coins were also in the green Wednesday. Ethereum’s price has risen over 10% in the last 24 hours to $2,865.61, while Dogecoin’s price has climbed a little over 2% to 36 cents a coin.

Premover

Stocks making the biggest moves in the premarket: Zscaler Inc, RLX Technology, GameStop Corp& more.

$Zscaler Inc(ZS.US)$ - Zscaler Inc stock moved up 8% in after-hours session as the company beats by $0.08, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY21 EPS above consensus, revs above consensus.

$RLX Technology Inc.(RLX.US)$ - RLX Technology Inc a leading branded e-vapor company in China, today announced that it will report its unaudited financial results for first quarter ended March 31, 2021, before the U.S. markets open on Wednesday, June 2, 2021.

$GameStop Corp(GME.US)$ - GME is fast approaching price levels where the supposed gamma squeeze will take place, and Wall Street is abuzz once again. Tuesday saw GameStop shares hit orbit, gaining 16.34% and closing the trading session at $209.43. GameStop saw its daily trading volume surge on Tuesday, as retail FOMO and liquidated cryptocurrency equity migrated from exchanges and back into meme stocks. 

Top News

• Fed's Clarida sees time approaching for discussion on cutting asset purchases
  

  Vice Chairman Richard Clarida said the subject of paring the Fed's $120 billion-a-month bond-buying will likely arise at some point in coming policy meetings.

• Fed's Daly is ready to start debate over paring central bank stimulus
  

  Federal Reserve Bank of San Francisco leader Mary Daly said the U.S. central bank is in the initial phase of considering how and when to pull back on its heavy levels of stimulus.

• Senate Republicans prepare $1 trillion infrastructure offer
  

  The GOP and the White House remain at odds over revenue sources and components of the package.

• U.S. initiates trade dispute against Canadian dairy industry
  

  The Biden administration initiated a dispute process against the Canadian dairy industry, triggering the formal dispute mechanism of the new U.S.-Mexico-Canada Agreement for the first time.

• U.S. home-price growth surges as demand overwhelms supply
  

  March marked the highest annual rate of price growth-13.2%-since December 2005, according to the Case-Shiller index.

• Dow Jones Industrial Average celebrates 125 years

  The market bellwether has evolved alongside the U.S. economy, as index constituents moved from smokestack companies to a diverse array that includes technology heavyweights.

• Elizabeth Warren slams Fed's top bank cop, saying system will be 'safer' when he's gone
  

  Sen. Elizabeth Warren, Democrat of Massachusetts, says she's looking forward to the likely departure of the Federal Reserve's Vice Chairman for Supervision Randal Quarles, saying the financial system will be safer when he's gone.

Key Events This Week