5 things to know before the stock market opens Wednesday

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

T-Mobile is planning to acquire most of U.S. Cellular.closed up 0.59% for Tuesday's trading session, crossing the threshold of 17,000 for the first time. The index's surge was bolstered by the more than 6% leap in– including the wireless operator's stores, some of its spectrum assets and its customers – in a deal valued at around $4.4 billion. T-Mobile is set to acquire about 30% of U.S. Cellular's wireless spectrum, with U.S.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly— has been sentenced to 90 months, or seven and a half years, which will then be followed by three years of supervised release. This is a heavier penalty than the five to seven years that prosecutors had suggested and the 18 months that the defense had requested. Salame must also pay more than $6 million in forfeiture and more than $5 million in restitution.

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