July jobs report, Amazon and Intel drag on stocks: Yahoo Finance

Wall Street is reacting to the July jobs report. Economists had expected the economy to have added 175,000 jobs and the unemployment rate to remain steady at 4.1%. Amazon and Intel 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.

Futures fell sharply ahead of the jobs report after Thursday's stock market expectations breaker. Amazon led big earnings losers.In a bid to defend their profit margins against higher costs, consumer goods companies including Church & Dwight have been hiking their prices over the past two years, despite some input expenses now declining.

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