5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

1. Wall Street looks steady ahead of key inflation data, after new highs were relatively flat Tuesday, one day after the S&P 500 closed above 4,700 for the first time ever. The and the also Monday as industrials and materials stocks got a boost from the late-Friday approval in the House of the Senate-passed infrastructure bill. President is expected to sign it. Investors get this week, with the producer price index Tuesday and the consumer price index Wednesday. Producer prices clim , in-line with estimates. Still, wholesale prices increased 8.6% on a year-over-year basis, tied for the biggest increase on record. 2. GE to break up into 3 companies: aviation, health care, energy U.S. industrial giant will split into three separate companies — — following years of lackluster stock performance. GE plans to spin off the health-care unit by early 2023 and the energy unit by early 2024, the company said in a press release. Shares of GE surged more than 7% in premarket trading after the announcement. The name GE will live on with the aviation company after the move is complete, and GE CEO Larry Culp will continue to lead that unit. 3. Bitcoin hits new all-time high