5 things to know before the stock market opens on Tuesday, May 14

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

this Dow Jones Industrial Average First loss in nine days. The Dow Jones Index fell 81.33 points, or 0.21%, the S&P 500 Index fell slightly by 0.02%, and the Nasdaq Index rose 0.29%. Traders are grappling with inflation expectations ahead of two major reports this week: producer prices on Tuesday and consumer prices on Wednesday. Economists surveyed by Dow Jones estimated that the PPI rose 0.3% from the previous month. Follow real-time market updates.

It started with a post, why did it end up like this? GameStop shares soar after retail traders fuel ‘Roaring Kitty’ aka Keith Gill’s 2021 GameStop craze, release Appearing on X for the first time in three years. GameStop shares soared 74.4% on Monday, after rising as much as 110% and being suspended multiple times due to volatility. aviation medical centerAnother meme stock also surged 78.4%. And the benefits may not stop there. GameStop and AMC shares rose more than 50% in pre-market trading on Tuesday. Meanwhile, GameStop short sellers lost about $838 million on Monday, according to data firm S3 Partners.

Consumers expect prices to continue to rise in both the short and long term.This prospect is driven by higher Home prices and fuel and energy prices rose, according to a survey released Monday by the New York Federal Reserve Bank. Respondents to the central bank’s survey also lacked confidence that the Fed would achieve its 2% target anytime soon. The results are consistent with a sentiment survey released last week by the University of Michigan, which showed a decline in consumer confidence.

The Home Depot First-quarter earnings Tuesday beat Wall Street expectations and revenue fell short of expectations. As interest rates remain high, shoppers are putting off big projects like bathroom and kitchen remodels. Chief Financial Officer Richard McPhail told CNBC the company expects the wait-and-see trend to continue. Home Depot reiterated its full-year guidance and said it expects total sales to grow about 1% in fiscal 2024, including one week more than the previous year. But the company said comparable sales excluding the impact of store openings and closures are expected to decline by about 1% (excluding the extra week).

CNBC launches 12th annual show The CNBC Disruptor 50 list focuses on private companies that are pursuing some of the market’s biggest opportunities and growing despite challenging capital markets conditions. But this year, for the first time ever, one company topped the list: OpenAI. Artificial intelligence companies litter the list, and the company’s continued pace of innovation has established tech giants scrambling to catch up. To underscore this point, OpenAI on Monday launched a new artificial intelligence model and a desktop version of ChatGPT, along with an updated user interface, in its latest effort to expand the use of its popular chatbot.