Here are the top news, trends, and analysis investors need to start their trading day:

1. S&P 500 finishes about 5 points from May’s record close

A trader on the New York Stock Exchange, June 4, 2021.

Source: NYSE

2. The new meme stock, Clover Health, will rise again

Clover Health on the Nasdaq. presented

Source: Nasdaq

The meme stock mania should go on Wednesday with day traders back in focus Clover health. The stock rose 22% in pre-trading hours after rallying nearly 86% on Tuesday, up 146% since the close of trading on Friday. Wendys, another popular name among Reddit traders, gained nearly 26% on Tuesday. In pre-trading, it was higher again on Wednesday. Last week’s madness AMC entertainment something dead. The shares fell by 5% in the pre-trading period. After the closing bell on Wednesday, the original meme stick becomes GameStop will publish quarterly results. Shares rose in the premarket after closing of 7%. Show up as a meme share Fuel for clean energy in the premarket rose by 27% on Wednesday.

3. Biden embarks on his first trip abroad after infrastructure talks stall

United States President Joe Biden departs after speaking at the Eisenhower Executive Office Building in Washington, DC on Wednesday, June 2, 2021.

Samuel Corum | Bloomberg | Getty Images

president Joe Biden is expected to be Wednesday for the first trip abroad of his tenure. The first stop on his eight-day tour is Great Britain. Biden’s trip ends next week with a summit meeting with the Russian President Wladimir Putin. Biden’s departure comes a day after he Infrastructure talks ended with a group of GOP senators. He began contacting senators from both parties to forge a bipartisan compromise and set a deadline for Congress to pass laws in the summer. However, the Democrats also laid the foundations for adopting all or part of the infrastructure package themselves.

4th Senate passes bipartisan technology and manufacturing bill worth $ 250 billion

A worker in the photolithography department of a Mikron Group’s semiconductor factory in Zelenograd, Moscow.

Anton Novodereschkin | TASS | Getty Images

In the coming weeks, the house is expected to be one Non-partisan $ 250 billion technology and manufacturing bill passed the narrowly divided Senate on Tuesday. The move includes $ 52 billion to fund semiconductor research, design and manufacturing initiatives. Biden hailed the passage of the bill as the White House builds its own recommendations on securing American supply chains through China and countering Beijing’s geopolitical ambitions.

5. Bitcoin ricochets after El Salvador accepts it as legal tender

A man works on a laptop in a Bitcoin training facility. Salvadoran President Nayib Bukele has announced that he will propose a law to Congress, in which his party controls the majority, to make Bitcoin legal tender.

Camilo Freedman | LightRakete | Getty Images

One day after the fall to a three week low Bitcoin rose 5% more than $ 35,400 On Wednesday. Add support, El Salvador has been the first country to introduce Bitcoin as legal tender. Prices in El Salvador can now be shown in Bitcoin, tax contributions can be paid with the digital currency and the exchange into Bitcoin is not subject to capital gains tax there. The current official currency of El Salvador is the US dollar. It is still unclear how El Salvador will ultimately adopt Bitcoin as legal tender.

– Associated Press and Reuters contributed to this report. Follow the entire market like a pro CNBC Pro. Find out about the pandemic with CNBC’s coronavirus coverage.