Elon Musk thanked Tesla shareholders after they approved an unprecedented pay package making the world’s richest person a trillionaire for meeting certain business targets.
US stock futures leaned lower on Tuesday amid a revival in AI worries, slipping back from a rally fueled by optimism that Washington may soon end the record-breaking government shutdown.
Tech led gains in US stock futures on Monday, after the Senate took a big step toward ending the record-breaking government shutdown that has clouded the picture of the economy. S&P 500 futures rose 0.9%, while those on the tech-heavy Nasdaq 100 climbed 1.4%.
US stock futures faltered in their rebound bid on Friday, set to resume a steep tech-led sell-off as investors weighed signals on the jobs market and the odds of overdone AI valuations.
US stocks stalled before the bell on Thursday as concerns over lofty tech valuations eased and a Supreme Court hearing fed optimism for a shift in President Trump's aggressive tariff push.
US stock futures struggled on Wednesday following a rough trading session that saw Wall Street equity markets close deep in the red.
Tech led a sharp pullback in US stock futures on Tuesday as doubts about the AI-fueled rally crept in and investors waited for the next rush of quarterly earnings.
US stock futures rose Monday morning as Wall Street looked to extend last month’s momentum into November.
At the start of the week, the major indexes reached record highs: the S&P 500 rose about 1.2% on Monday (Oct 27), the Dow Jones Industrial Average climbed ~0.7%, and the Nasdaq Composite jumped ~1.9%.
Markets are in the midst of the busiest week for third quarter earnings, with results from several Big Tech companies highlighting the calendar.