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5 things to know before the stock market opens Tuesday

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Economy,Markets,Business

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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