5 things to know before the stock market opens Tuesday

The shortened trading week will bring a fresh crop of retail earnings.It's the last week of May, and stocks are on track to close out the month on a strong note. The S&P 500 has added 5.3% so far in May, while the Nasdaq Composite has rallied about 8%, after ending last week at a fresh record high. The Dow Jones Industrial Average, meanwhile is up 3.3% for the month and topped 40,000 for the first time ever in May.

It's a shortened trading week and a short week for earnings. A few retail companies are reporting this week, including Costco Wholesale, Ulta Beauty and Dollar General. Those stocks could give more clarity on theand the economy. Software names HP and Salesforce are also coming up. Here are the earnings to watch this week:by building programs and services for users on top of the medications.

— CNBC's Pia Singh, Sarah Min, Annika Kim Constantino, Ashley Capoot, Gabrielle Fonrouge and Sarah Whitten contributed to this report.

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