US Stock Market Today: Wall Street Opens Flat as Tesla Shares Fluctuate Ahead of Musk’s $1 Trillion Pay Verdict
Wall Street opened flat on Thursday with Tesla shares swinging amid anticipation of Elon Musk’s $1 trillion pay decision, while investors watched labor data and AI sector trends.
Traders work on the floor of the New York Stock Exchange as Wall Street opens flat on Thursday.
Despite the positive news, Wall Street could not help but start the Thursday session on a low note, as investors slowly reacted to the cooling of the US labor market and at the same time kept the artificial intelligence-related stocks under their close watch.
When the market opened, the S&P 500 went down by 0.07% (6,791.82), the Dow Jones Industrial Average lost 0.03% (47,297.14), and the Nasdaq Composite fell by 0.20% (23,453.64).
On the other hand, Tesla Inc. stock prices experienced some ups and downs during the early session, as they first opened lower but then quickly increasing to being 0.44% higher at $464.76. The activity is happening in the lead-up to an important court ruling on Elon Musk's $1 trillion pay package, which the investors are closely observing for its possible impact on the market.
The muted opening is a sign of increasing investor caution as market players are waiting for more economic indicators in order to measure the Federal Reserve’s next policy move during the ongoing changes in the labor market and technology.
