Coinbase dominates stock market movers amidst SEC lawsuit and Cathie Wood's ARK investment.

Tesla's shares rose over 3% after new Model 3 and Model Y cars became eligible for a $7,500 tax credit; Netflix's shares climbed 3.1% after JPMorgan increased its price target on the stock, citing the company's effort to limit password sharing on its platform; Stitch Fix's shares jumped over 7% after the company's fiscal third-quarter revenue and adjusted EBITDA earnings came above expectations; GameStop's meme stock added 2.4% premarket ahead of quarterly results on Wednesday; Yext's shares soared over 17% in premarket trading on better-than-expected quarterly results.