What to watch today: Stocks set to drop after Dow, S&P 500 record closes

What to watch today: Stocks set to drop after Dow, S&P 500 record closes

Bitcoin dropped to close to $52,000 on Sunday morning, days after reaching an all-time high near $65,000 in a wild weekend of trading. Bitcoin was up modestly to around $56,000 early Monday. But that's down about 13% from last week's record. (CNBC)A leading Chinese central banker called bitcoin an "investment alternative," a significant shift in Beijing's tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. The comments came Sunday from Li Bo, deputy governor of the People's Bank of China, during a panel hosted by CNBC in China.* China may test its digital currency with foreign visitors at 2022 Beijing Olympics (CNBC)

Dow stock Coca-Cola rose modestly in the premarket after the beverage giant Monday morning reported better-than-expected quarterly earnings and revenue. Coca-Cola said demand in the first quarter was unchanged from last year as North America and western Europe take longer to bounce back from the coronavirus pandemic. (CNBC)* IBM, United Airlines set to report quarterly earnings after today's closing bell (CNBC)* Today's biggest analyst calls of the day: Netflix, Snap, Corning, Vizio, Alphabet (CNBC Pro)

GameStop (GME) rose 8% to around $167 per share in premarket trading after the video-game retailer said Monday that CEO George