5 Things to Know Before the Stock Market Opens
Stock futures are trending lower as markets face a losing week amid a weakening AI trade and investor focus on Tesla after shareholders approved CEO Elon Musk’s substantial pay package.
Market Overview
Futures tied to major indexes signal a decline this week:
- Nasdaq 100 futures down 0.4%
- S&P 500 futures down 0.3%
- Dow Jones Industrial Average futures down 0.3%
Major indexes have retreated amid volatile trading, with investors pulling back from the AI sector despite strong tech earnings. On Friday, the Nasdaq was down 2.8% for the week, the S&P 500 fell over 1.7%, and the Dow Jones dropped about 1.4%.
Tesla CEO Pay Package Approval
Tesla shareholders overwhelmingly approved a trillion-dollar compensation proposal for CEO Elon Musk, drawing significant attention from investors and market watchers.
Government and Cryptocurrency Updates
- Senate Republicans are pushing a new funding package vote to end the ongoing government shutdown.
- Bitcoin briefly dipped below $100,000 this morning, hovering near its lowest levels in recent months.
Industry News
Take-Two Interactive Software’s stock declined after the company delayed the release of the highly anticipated video game "Grand Theft Auto VI" once again.
"Stock futures are moving lower in early trading as major market indexes appear set to decline this week."
"Tesla shareholders overwhelmingly approved a trillion-dollar pay proposal for CEO Elon Musk."
Summary: Market indexes are poised for a down week as investors shift away from AI stocks, while key events around Tesla, government funding, and cryptocurrency impact sentiment.
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