5 things to know before the stock market opens Tuesday

5 things to know before the stock market opens Tuesday

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

Credit Suisse announced several high-level staff departures and proposed a cut to its dividend in the fallout from the Archegos Capital saga. The Swiss-based lender now expects a first-quarter pretax loss of around $960 million, after taking a $4.7 billion charge as a result of the U.S. hedge fund's meltdown. Credit Suisse said its investment bank CEO Brian Chin and Chief Risk and Compliance Officer Lara Warner will step down immediately. Late last month, Credit Suisse was forced to dump a significant amount of stock to sever its ties to the troubled Archegos family office. Japan's Nomura and Wall Street's Goldman Sachs were also forced to sell stocks on behalf of the highly leveraged Archegos.

The value of the entire cryptocurrency market topped $2 trillion for the first time Monday, driven by a rally in ether, the second-largest digital coin, which alone has a market value of more than $240 billion. Ether hit an all-time high above $2,150 overnight, in an over 180% year-to-date surge. Ethereum, the blockchain behind ether, is seen as a key platform for decentralized finance applications and nonfungible tokens. Bitcoin accounts