Investors will have another chance to gauge the resilience of the U.S. economy after Thursday’s sluggish data reports, with July unemployment figures due this morning; Intel (INTC) shares are plunging in premarket trading after the chipmaker issued a slew of bad news, including a Q2 miss, a dividend suspension, a weak outlook, and plans to slash 15% of its workforce; Amazon (AMZN) is also tumbling on the tech giant’s weak guidance and substantially higher artificial intelligence (AI) spending; Apple (AAPL) shares are up slightly after reporting a Q3 beat on higher services revenue despite struggling China sales; and ExxonMobil (XOM) beat Q2 estimates while rival Chevron (CVX) missed profit forecasts. U.S. stock futures are extending their slump after yesterday’s markets decline sparked by a chip-stocks rout and downbeat data. Here’s what investors need to know today.
Investors are closely watching U.S. monthly jobs data …