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5 things to know before the stock market opens Tuesday

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

1. And another one

The S&P 500Dow Jones Industrial AverageNasdaq Composite was up 1.12%. It’s the busiest earnings week of the season, with 19% of companies in the S&P 500 set to report. Investors are eagerly awaiting results from many of the Big Tech companies that have led this year’s rally so far, including MicrosoftAlphabetlive market updates.

2. Engines revving

Mary Barra, chief executive officer of General Motors (GM), attends the annual Allen & Company Sun Valley Conference, July 12, 2019 in Sun Valley, Idaho. 
Drew Angerer | Getty Images

General Motorsfourth quarter, reporting adjusted earnings per share of $1.24 versus the $1.16 analysts’ forecast. The automaker also reported revenue of $42.98 billion, higher than the analysts’ estimated $38.67 billion. GM forecast another strong year in 2024, despite potential headwinds. “Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient, and at GM, we expect healthy industry sales of about 16 million units with the mix of EVs continuing to grow,” CEO Mary Barra said. The company saw issues in China, though, as its second-largest market continued to struggle. GM also expects to spend $1 billion less on its embattled autonomous vehicle unit Cruise than it did in 2023. GM’s stock surged more than 6% in premarket trading.

3. End of the line

Rafael Henrique | Lightrocket | Getty Images

Another deal bites the dust. Amazonterminated its plans to acquire Roomba maker iRobotreported that the European Union would not offer its blessing and intended to block the deal.

4. New stock bet

The New York Stock Exchange welcomes Flutter Entertainment (NYSE: FLUT), on Jan. 29, 2024, in celebration of its listing. 
NYSE

Flutter, the parent company of international sportsbook FanDuel, made its debut on the New York Stock Exchange Monday, listing under the ticker symbol “FLUT.” Flutter gives U.S. investors another chance to get into the hot spots betting market, as well as an alternative to rival DraftKings

5. Sigh of relief

The La Defense business district of Paris, France, on Feb. 6, 2023.
Bloomberg | Bloomberg | Getty Images

The euro zone narrowly avoided a recession in the fourth quarter of 2024, according to flash figures from the European Union’s statistics agency. Economists polled by Reuters had expected a recession after a 0.1% fall in GDP in the third quarter. But fourth-quarter GDP ended up flat compared with the previous quarter and expanded by 0.1% versus the previous year. The euro zone’s divergence from the U.S. is growing, Bert Colijn, senior economist at ING, said in a note, citing a bigger drop in inflation-adjusted wages, industrials getting hit by energy prices and less fiscal support. The U.S. blew past expectations and saw a 3.3% expansion in the fourth quarter.

— CNBC’s Brian Evans, Michael Wayland, Contessa Brewer, Rohan Goswami and Jenni Reid contributed to this report.

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