5 Things to Know Before the Stock Market Opens
Stock Futures Trending Lower
Stock futures are declining in early trading, with major market indexes expected to fall this week. Futures linked to the Nasdaq 100 dropped 0.4%, S&P 500 futures fell 0.3%, and Dow Jones futures were down 0.3%.
Market Performance This Week
The major indexes have dropped amid volatile trading as investors moved away from the AI sector despite strong earnings from some tech companies. The Nasdaq is down 2.8% for the week, the S&P 500 has slipped over 1.7%, and the Dow Jones fell approximately 1.4%.
Tesla’s CEO Pay Package Approved
Tesla shareholders overwhelmingly approved a pay package worth around one trillion dollars for CEO Elon Musk.
Government Shutdown Funding Efforts
Senate Republicans are pushing a new funding package for a vote in an attempt to end the ongoing government shutdown.
Bitcoin and Video Game Release Updates
- Bitcoin briefly dropped below $100,000 this morning, continuing to hover near its lowest levels in months.
- Take-Two Interactive Software shares fell after delaying the release of their hit video game “Grand Theft Auto VI” again.
"Stock futures are moving lower in early trading as major market indexes appear set to decline this week."
Investors face a week of uncertainty with technology stocks retreating, ongoing political efforts to avoid a government shutdown, and softness in crypto and gaming sectors.