5 things to know before the stock market opens Wednesday

SourceCNBC
SectorFinancial Markets
CountryMiddle east

1. S&P 500 finishes about 5 points away from May record close were flat Wednesday, one day after the inched closer to last month’s record close, finishing just about 5 points shy. The , riding a three-session winning streak, in late April.

The on Tuesday dropped for the second straight day, though the 30-stock average remained 0.5% from its early May record close. The dipped Wednesday, . Wall Street was looking ahead to the next read on inflation — the May consumer price index being released Thursday. 2. Newest meme stock Clover Health is set to soar again Wednesday with day traders focusing once again on . The stock was up 22% in premarket trading following a nearly 86% rally Tuesday for a 146% surge since Friday’s close. , another name popular among Reddit traders, gained almost 26% on Tuesday. It was higher again in premarket trading Wednesday. Last week’s frenzy around died down a bit. Shares fell 6% in the premarket. After Wednesday’s closing bell, the original meme stock is set to report quarterly results. after closing up 7%. 3. Biden to depart on first overseas trip after infrastructure talks stall President is set to leave Wednesday for the

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