Stocks: 4 things to know before the open

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It's the final day of the first quarter.

And what a wild ride it's been!

Here are the five things you need to know before the opening bell rings in New York:

1. What goes up ...: U.S. stock futures are dipping, oil prices are shifting lower and European markets are all firmly in the red in early trading.

This comes after the U.S. stock market hit its highest level of 2016 on Wednesday.

The Dow is currently up 1.7% for the year after enduring steep losses in January. The S&P 500 has also notched a 1% gain.

However, the tech-heavy Nasdaq is still in negative territory for the year, down 2.8%.

Related: Fear & Greed Index

2. It's Tesla time: Tesla (TSLA) investors are pinning their hopes on a successful launch of the new Model 3 electric car, which will be unveiled this evening in California.

People have already begun lining up at some Tesla stores to reserve their Model 3 vehicles, even though the company hasn't provided many specific details about the new sedan.

Tesla is trying to have more mass market appeal with this vehicle by giving it a lower price point, around $35,000.

Prices for the Model S sedan and Model X SUV start at $70,000 and $132,000, respectively

Related: What we know about Tesla's Model 3

3. Market mover -- Dalian Wanda: Shares in Dalian Wanda Commercial Properties surged 18% in Hong Kong on Thursday after its parent company, Dalian Wanda Group, said it is considering taking the firm private.

China's richest man, Wang Jianlin, is the man behind real estate and entertainment giant Dalian Wanda Group. His recent investments include Spanish soccer club Atletico Madrid and Hollywood film studio Legendary Entertainment.

Related: CNNMoney's Tech30

4. Spotlight on South Africa: South Africa's highest court will decide Thursday whether President Jacob Zuma violated the constitution when he used $15 million in state funds to renovate his private residence.

South Africa's FTSE JSE All-Share index is dipping by about 1.3% in early trading, which is in line with European markets.

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