On Friday morning, the US markets experienced a decline following the release of a weaker-than-expected jobs report. This new data has raised concerns about a potential recession as investors are apprehensive about signs of a slowing economy.
Big Tech companies were among the hardest hit, with Amazon missing its second-quarter earnings estimates, causing its shares to plummet by over 9%. Intel also faced a significant drop of 25% after revising its forward guidance downwards. Microsoft and Nvidia were not spared either, as their shares also saw declines.
