5 things to know before the stock market opens Tuesday

GM is laying off more than 1,000 salaried employees across the globe.Tuesday morning, but missed on sales. The home improvement retailer also cut its full-year outlook, citing weakening spending on do-it-yourself projects and a"pressured macroeconomic environment." It said it expects comparable sales to fall by 3.5% to 4%, worse than its prior forecast for a decline of 2% to 3%. The company also said it now expects total sales of $82.7 billion to $83.

— CNBC's Alex Harring, Hakyung Kim, Melissa Repko, Michael Wayland, Rohan Goswami, Dan Mangan, Kevin Breuninger, Christina Wilkie, Rebecca Picciotto and Josephine Rozzelle contributed to this report.

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