U.S. stock futures slid Friday as traders considered fresh quarterly results and looked ahead to a key July payrolls report.
Futures for the Dow Jones Industrials plunged 315 points, or 0.8%, to 40,199.
Futures for the S&P 500 index gave back 64 points, or 1.2%, at 5,416.25
Futures for the NASDAQ floundered 342.75 points, or 1.8%, to 19,680.50.
Amazon slid 8% missing the Street’s estimates on second-quarter revenue and issuing a disappointing forecast. Intel cratered nearly 20% after announcing weak guidance and layoffs. Apple shares inched lower despite the iPhone maker posting a fiscal third-quarter earnings beat.
Friday brings a fresh set of data — and a new catalyst for stocks: July’s nonfarm payrolls. Economists polled by Dow Jones are calling for growth of 185,000 jobs, down from June’s gain of 206,000. The unemployment rate, which is especially important as traders search for signs of an impending recession, is expected to hold steady at 4.1%.
In Japan, the Nikkei 225 plummeted 5.8% Friday, while in Hong Kong, the Hang Seng index sank 2.1%.
Oil prices dipped 64 cents to $75.67 U.S. a barrel.
Gold prices gained $22.80 to $2,503.60
