By Shreyashi Sanyal

(Reuters) – U.S. Stock Index Futures closed flat Tuesday ahead of the first inflation readings this week. General Electric (NYSE:) The stock market surged at the news of its plans to separate into three publicly traded companies.

At 8:30 AM, data from the Labor Department will be available. ET expects to show that the producer price index for final consumption rose 0.6% in Oct., with investors more worried about rising inflation and tighter monetary policy than the COVID-19 pandemic.

Both the Nasdaq (the Nasdaq) and Dow closed Monday at new all-time highs for the eighth session.

The market has been enjoying a record-breaking run thanks to a better than expected earnings season, favorable developments surrounding COVID-19 antiviral medications and loosening travel restrictions.

General Electric Co surged 11.6% during premarket trading following the announcement by the U.S. conglomerate that it would separate into three businesses focused on power, aviation and healthcare.

Tesla Inc shares rose 1.4% on Monday, after a nearly 5% decline. This was following Chief Executive Elon Tesla’s (NYSE:) Twitter poll in which he proposed selling a tenth (NYSE.) of his holdings. 57.9% voted for the sale.

It was also questioned whether Musk might have broken his agreement with the U.S. Securities regulator.

At 6:50 AM. ET fell 25 points or 0.07%. However, they were up 1.5 point or 0.03% and up 34.5points or 0.21%.

Robinhood Markets Inc (NASDAQ:), fell 3.1% after an online retailer claimed that an attacker had gained access email addresses to about five million customers through a security breach.

Zynga Inc (NASDAQ) jumped 6.6%, after “FarmVille’ creator beat quarterly net-bookings estimates. Tripadvisor Inc plummeted 7.4% following disappointing quarterly earnings reports and the announcement of Stephen Kaufer as its Chief Executive.