Stocks sink on July jobs report, Amazon and Intel reports: Yahoo Finance

Stock are sinking after the July jobs report missed expectations, adding just 114,000 jobs, with the unemployment rate jumping to 4.3%. Economists had expected the economy to have added 175,000 jobs and the unemployment rate to remain steady at 4.1%. Amazon and Intel (INTC) are weighing heavily on the overall market today. Amazon (AMZN) missed revenue expectations, saying customers were distracted by the recent busy news cycle. Intel shares are plunging after reporting earnings that missed expectations while also announcing plans to cut 15% of its workforce. We will speak with Intel CEO Pat Gelsinger at 10:40 a.m. ET today. Yahoo Finance trending tickers include Apple (AAPL), Moderna (MRNA), and Block (SQ).

Key guests include:

8:30 a.m. ET – Joe Brusuelas, RSM Chief Economist & Marc Pinto, Janus Henderson Investors Head of Americas Equities
9 a.m. ET – Julie Su, Acting U.S. Labor Secretar
10:20 a.m.. ET – Jason Robins, Draftings CEO