Reported 2 months ago
Stock futures are experiencing a downturn after the July jobs report showed only 114,000 new jobs added, with the unemployment rate rising to 4.3%. This was below expectations, which forecasted 175,000 new jobs and a steady unemployment rate of 4.1%. Additionally, shares of Amazon and Intel are sharply impacting the market; Amazon reported lower-than-expected revenue and Intel revealed earnings that missed forecasts along with plans to cut 15% of its workforce. Key discussions and insights from economic experts are scheduled throughout the day.
Source: YAHOO