Stock futures are moving lower this morning as markets head toward a losing week, pressured by a cooling AI trade and renewed investor caution. Here’s what’s shaping today’s financial landscape:
Futures linked to major indexes are pointing downward in early trading. Contracts tied to the tech-heavy Nasdaq 100 [finance:Nasdaq 100] dipped about 0.4%, while those tied to the S&P 500 [finance:S&P 500] were down 0.3%. Dow Jones Industrial Average [finance:Dow Jones Industrial Average] futures also slipped by roughly 0.3%.
Tesla [finance:Tesla, Inc.] shareholders overwhelmingly backed a trillion-dollar compensation plan for CEO Elon Musk, reinforcing confidence in his leadership despite recent stock volatility.
Senate Republicans are preparing to bring a new funding proposal to a vote, aiming to end the ongoing government shutdown and restore operations.
Bitcoin [finance:Bitcoin] momentarily fell below the $100,000 mark early Friday, lingering near its lowest levels in several months as investor interest remains cautious.
Take-Two Interactive Software [finance:Take-Two Interactive Software, Inc.] shares dropped after the company announced another delay in the release of the highly anticipated “Grand Theft Auto VI.”
“Major market indexes have pulled back this week amid volatile sessions as investors moved away from AI-driven trades, even as some tech firms reported solid earnings.”
The Nasdaq has declined about 2.8% this week, the S&P 500 has fallen over 1.7%, and the Dow Jones is down roughly 1.4%.
Markets slide ahead of the open as investors retreat from AI trades, Tesla shareholders approve Musk's record pay, and Bitcoin dips under $100,000 amid broader volatility.