5 things to know before the stock market opens

Stock futures are moving lower in early trading as major market indexes appear poised to decline this week. Tesla shareholders overwhelmingly approved CEO Elon Musk’s $1 trillion payout proposal; Senate Republicans looked to bring a new funding package to a vote in an attempt to end the government shutdown. Bitcoin briefly dipped below $100,000 this morning as the cryptocurrency continues to hover around its lowest levels in months. Take-Two Interactive Software is backing down after once again delaying the release of its hit video game “Grand Theft Auto VI.”

Here’s what you need to know today.

1. Stock futures are trending lower as markets head for weekly losses

Stock futures point to a decline in pre-market trading as investors appear poised to send major market indexes lower for the week. Futures contracts linked to the technology-focused Nasdaq 100 index fell 0.4%, while futures contracts linked to the S&P 500 index fell 0.3%. Dow Jones Industrial Average futures fell 0.3%. Major market indexes fell this week in sometimes choppy trading as investors turned their backs on artificial intelligence trading, despite strong earnings results announced by some technology companies.

The Nasdaq entered trading Friday down 2.8% for the week, while the S&P 500 was down more than 1.7% and the Dow Jones was down about 1.4%. The yield on the 10-year Treasury note, which can affect rates on mortgages and other consumer loans, remained at approximately 4.09%. Gold futures are back above $4,000 an ounce, while oil futures are above $60 a barrel.

2. Tesla shareholders approve Musk’s $1 trillion pay package

Tesla ( TSLA ) shareholders last night approved Musk’s $1 trillion payout offer, with more than 75% of voters moving to approve the company leader’s stimulus-laden package. The results came after the run-up to a vote that included some major investors who came out against a massive pay package that company leadership said was necessary to retain Musk as head of an EV company with robotics and artificial intelligence ambitions.

The pay package includes a host of “Mars-shot accomplishments” that include leading the company to a $2 trillion valuation and delivering a cumulative total of 20 million vehicles. Tesla shares rose 0.6% in pre-market trading.

3. US lawmakers look forward to a Senate vote on reopening the government

As the lockdown enters its 38th day, lawmakers are proposing plans to end the work stoppage, media reports indicate. Senate Republicans told CBS News they intend to amend the House-passed spending bill to extend the funding deadline beyond November 21 and include long-term spending bills that have already been passed. The package will include a promise to hold a vote on the health care subsidies that were at the heart of the shutdown, which Republicans had hoped would attract moderate Democrats.

The proposal comes as the government plans to begin implementing flight restrictions today amid staffing issues. The shutdown has restricted the releases of several economic reports, including today’s scheduled release of the October jobs report.

4. Bitcoin is around its lowest levels in months

The price of Bitcoin fell below $100,000 in recent trading, as the world’s most popular and most valuable cryptocurrency continued to fluctuate. Bitcoin is down nearly 3% after hitting a high of around $104,200 yesterday. Earlier this week, bitcoin touched intraday prices below the six-figure level for the first time since June amid growing outflows into spot bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC) both fell more than 0.5% in early trading after falling nearly 3% in the previous session.

5. Take-Two stumbles after another ‘Grand Theft Auto VI’ delay

Shares of Take-Two Interactive Software ( TTWO ) fell as the video game maker once again postponed the release of its long-awaited “Grand Theft Auto VI.” The company is now planning to release the final edition of the series on November 19, 2026. It had previously postponed the launch to May 2026. The company that also makes “NBA 2K” and “Red Dead Redemption.” Games, announced second-quarter fiscal bookings of $1.96 billion, ahead of the company’s guidance. Shares of Take-Two were up nearly 40% at the start of trading Friday, but were down more than 4% before entering the market.