Stock market today: Dow, S&P 500, Nasdaq futures falter in bid to recover from tech-led sell-off

Market Overview - US stock futures are experiencing a setback, with the Dow Jones Industrial Average futures down 0.3%, S&P 500 futures down 0.5%, and Nasdaq 100 futures retreating approximately 0.7% following significant losses in the previous session [1] - The S&P 500 and Dow are projected to close the week with substantial losses, driven by concerns over a potential AI bubble and high valuations in Big Tech [2] Company-Specific Developments - Tesla has approved a $1 trillion pay package for CEO Elon Musk, which sets ambitious growth targets for the company's market value, while Musk is expected to deliver on promises related to the robotaxi and Optimus humanoid robot initiatives [2] - Nvidia's upcoming earnings report is being closely monitored as a potential catalyst for stabilizing market sentiment and reviving risk appetite [5] Employment and Economic Indicators - October job cuts have reached their highest level for the month in over 20 years, indicating a challenging year for layoffs, the worst since 2009 [3] - The Bureau of Labor Statistics has delayed the release of the October jobs report due to a government shutdown, adding uncertainty to economic assessments [4] Investor Sentiment and Future Outlook - Investors are looking for potential positive developments, including the end of the US shutdown and a possible interest rate cut in December, which could improve market sentiment [5] - The Supreme Court's review of the legality of President Trump's tariff policies introduces additional uncertainty into the market landscape [5]