5 things to know before the stock market opens Tuesday

Chicago Federal Reserve President Austan Goolsbee said the central bank would respond to economic weakness.plunged 12.4%

to close at 31,458.42 — the worst day for the index since "Black Monday" in 1987. Other global markets were also hit, with Europe'sAs a global market sell-off ensued on Monday over recession fears, Chicago Federal Reserve President Austan Goolsbee said that the central bank. "The Fed's job is very straightforward: maximize employment, stabilize prices and maintain financial stability. That's what we're going to do," he told CNBC's ".

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