Reported 2 months ago
U.S. index futures dropped significantly following poor forecasts from Amazon and Intel, causing concern among investors who await a crucial jobs report. Amazon's shares fell 8% due to slowed online sales growth, while Intel's stock plummeted 21% after disappointing revenue projections and a dividend suspension. The broader market showed weakness, particularly in major tech stocks, as fears of an economic slowdown continue to mount, with all eyes on the upcoming nonfarm payrolls data for insights into the labor market.
Source: YAHOO