5 Things to Know Before the Stock Market Opens
Stock futures are trending lower as investors brace for a losing week. The weakening AI trade and attention on Tesla’s recent shareholder decision dominate market sentiment.
1. Market Futures Point Lower
Major U.S. stock index futures are declining in early trading. Nasdaq 100 futures are down 0.4%, S&P 500 futures have fallen 0.3%, and Dow Jones Industrial Average futures are lower by 0.3%.
2. Tesla Shareholders Approve Musk’s Pay Package
“Tesla shareholders overwhelmingly approved a trillion-dollar pay proposal for CEO Elon Musk.”
The decision reaffirms investor faith in Musk, even as the company faces market volatility and slowing AI enthusiasm.
3. Ongoing Government Shutdown Debate
Senate Republicans are preparing a new funding package vote aimed at ending the ongoing government shutdown.
4. Bitcoin Dips Below $100,000
The cryptocurrency briefly dropped below the $100,000 mark this morning, lingering around its lowest levels in several months.
5. Take-Two Delays “Grand Theft Auto VI” Again
Shares of Take-Two Interactive Software slid after another delay in the highly anticipated release of “Grand Theft Auto VI.”
Market Context
Volatile trading has defined the week. Despite strong earnings from several tech companies, investors continue reducing exposure to AI-related stocks. The Nasdaq has fallen 2.8% this week, the S&P 500 is down over 1.7%, and the Dow Jones has slipped around 1.4%.
Author’s Summary
The markets face broad declines driven by fading AI momentum, crypto weakness, and political uncertainty, while Tesla shareholders stand firmly behind Elon Musk’s leadership.