5 things to know before the stock market opens Tuesday, Nov. 16

Here are the most important news, trends and analysis that investors need to start their trading day:

1. Stocks set to rise with shoppers undeterred by higher prices

Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City.

Spencer Platt | Getty Images

2. Walmart, Home Depot top expectations on earnings, revenues

Walmart and Home Depot

Kena Betancur | VIEWpress | Getty Images; Scott Mlyn | CNBC

Home Depot shares rose 1% in the premarket after the company issued on Tuesday adjusted third-quarter earnings and revenue that exceeded expectations. Same-store sales climbed 6.1% in the quarter, solidly beating estimates of a 2.2% rise as consumers continue to fix up their homes during Covid, albeit at a slower rate than a year ago. In Q3 2020, same-store sales surged nearly 25%.

3. Bitcoin drops toward $60,000 as major cryptos plunge

4. Taxes are not the only reason Elon Musk is selling Tesla stock

Maja Hitij | Getty Images News | Getty Images

5. Bankers, traders set for biggest bonuses since Great Recession

A street sign for Wall Street is seen in the financial district in New York, November 8, 2021.

Brendan McDermid | Reuters