What to watch today: Dow set to drop after record close, six session win streak

What to watch today: Dow set to drop after record close, six session win streak

Reddit, ground zero for the recent online-driven individual investor trading mania, raised more than $250 million in a new round of funding, doubling its valuation to $6 billion. Activity in Reddit's WallStreetBets forum sparked a frenzy of buying in heavily shorted stocks, sending names like GameStop skyrocketing last month, only to shed much of those gains. (Reuters)* Pot stock Tilray surges on distribution deal with Grow Pharma in U.K. (Seeking Alpha)

Bitcoin early Tuesday soared to an all-time high over $48,000 before pairing some of those gains. Bitcoin knocked on the door of $50,000 as buying continued one day after Elon Musk's Tesla (TSLA) revealed a $1.5 billion investment in the world's largest cryptocurrency, the latest evidence of institutional interest in the digital coin. (Reuters)* Bitcoin is headed higher long term, but don't chase now, BTIG says (CNBC Pro)

Eli Lilly (LLY) announced that Chief Financial Officer Josh Smiley has resigned and will be replaced by senior vice president Anat Ashkenazi. Lilly said Smiley engaged in a consensual but inappropriate personal relationship with a Lilly employee and exhibited poor judgment. (Reuters)

Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after