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5 things to know before the stock market opens Tuesday

  • Stocks rose again Monday as the Dow notched another record close.
  • There's no clear indication yet whether Fed officials are leaning toward another 50 basis point rate cut at their next policy meeting, or toward a more traditional 25-point move.
  • GM is gaining momentum in its EV business.

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

U.S. stocks climbed again Monday as investors digest the Federal Reserve's major rate cut last week. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all rose only modestly, as the 30-stock Dow notched another record close. As traders look ahead to the Fed's next policy decision in November, stocks could become more responsive to signs of economic weakness. One indicator will come Tuesday in the Conference Board's consumer confidence reading for September. Follow live market updates.

After the Fed last week made its first half percentage point rate cut since 2008, officials have indicated mixed views on how to proceed. Speaking to CNBC on Monday, Minneapolis Fed President Neel Kashkari suggested the central bank could go back to its more traditional 25 basis point moves. Kashkari, who is not a voting member this year, said he expects "we will probably take smaller steps unless the data changes materially." Speaking separately Monday, Atlanta Fed President Raphael Bostic, a voting member, suggested the Fed could be less cautious, saying as of now he expects to be "normalizing monetary policy sooner than I thought would be appropriate even a few months ago."

General Motors' electric vehicle business is spinning up. After stops and starts driven by slow demand and production issues, the Detroit automaker's EV sales are rising. GM sold

Read more on cnbc.com