US stock futures fell further on Friday as disappointing quarterly results from tech giants dampened market sentiment, while investors braced for the NFP jobs report in the New York session shortly.
In extended trading, Amazon fell about 7% after missing earnings expectations for the second quarter and issuing weak forecasts.
Intel also plunged nearly 20% after saying it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter in a bid to turn the company around.
In regular trading on Thursday, the Dow fell 1.21%, the S&P 500 fell 1.37% and the Nasdaq Composite fell 2.3% as the latest US labor market and manufacturing data raised concerns about the current health of the economy.
The losses also occurred even after the Federal Reserve (Fed) signaled an imminent reduction in borrowing costs at its latest meeting.
Megacap technology firms led the decline, with sharp losses from Nvidia (-6.7%), Tesla (-6.6%), Apple (-1.7%), AMD (-8.3%) and Broadcom (-8.5%).
The market's full focus today is on the NFP data which is expected to influence Fed policy at the September meeting.
