5 Things to Know Before the Stock Market Opens
Stock futures are trending lower as major market indexes head toward a losing week amid a weakening AI trade. Investors are closely watching Tesla after shareholders approved CEO Elon Musk’s substantial pay package.
Market Performance and Futures
Stock futures dropped in early trading with the Nasdaq 100 futures down 0.4%, S&P 500 futures declining 0.3%, and Dow Jones futures also 0.3% lower. This indicates that major market indexes are set to fall this week after volatile trading and a retreat from the AI sector, despite some tech companies reporting strong earnings.
Key Market Indexes Weekly Changes
- Nasdaq down 2.8% for the week
- S&P 500 slipped more than 1.7%
- Dow Jones decreased around 1.4%
Tesla CEO Pay Approval
Tesla shareholders overwhelmingly approved a trillion-dollar pay proposal for CEO Elon Musk, drawing significant market attention.
Other Market News
- Senate Republicans are pushing a new funding package to end the government shutdown.
- Bitcoin briefly dipped below $100,000, hovering near its lowest levels in months.
- Take-Two Interactive Software’s shares fell after delaying the release of “Grand Theft Auto VI” again.
Tesla shareholders overwhelmingly approved a trillion-dollar pay proposal for CEO Elon Musk.
Market volatility continues as investors reassess priorities, turning cautious despite some positive tech earnings.
Summary: Market indexes are poised for losses this week amid fading enthusiasm for AI stocks, with major news including Tesla’s CEO pay approval and signs of ongoing market uncertainty.