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5 things to know before the stock market opens Tuesday

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Here are the most important news items that investors need to start their trading day.

The Fed's favorite inflation gauge inched higher in July.. The broad market index moved 1.01% higher to finish the session at 5,648.40. It also advanced 2.3% for August, marking its fourth straight winning month. Its recovery following the global sell-off earlier last month was aided by a surge in consumer staples, real estate and health care. Meanwhile, thehit a new record high in the final minutes of the session, closing 0.55% higher at 41,563.08.

X's suspension in the country was then put into effect by early Saturday. The financial assets of Starlink — another Musk-owned business — have also been frozen in the country to ensure payment of X's fines.The exterior of a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Red Lobster has filed for Chapter 11 bankruptcy protection after a failed lease-back agreement and "endless shrimp" promotion backfired against company revenue.

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