Tech Giants Skid Ahead of Jobs Report: Dow Jones Futures Fall as Apple, Google, Amazon, and More Take a Hit

The stock market saw a volatile day of trading on Thursday as the Dow Jones Industrial Average fell while the Nasdaq Composite rose sharply.

The Dow closed down 0.3%, or 79 points, to 31,494.53. The Nasdaq Composite, meanwhile, rose 3% to 13,829.92.

The pullback in the Dow came after Apple, Google, and Amazon all reported weaker than expected earnings, causing their stocks to skid.

The market’s rally, which has been fueled in part by optimism over the economic recovery, is due for a pullback, according to analysts.

The market’s focus will now shift to the jobs report, which is due Friday. Analysts expect the report to show that the U.S. economy added around 200,000 jobs in January, a sign that the recovery is continuing.

In other news, Meta Stock surged after Mark Zuckerberg made a surprise announcement. Facebook’s stock also rose after the company reported better-than-expected earnings. Apple, meanwhile, missed earnings expectations and its stock fell. Microsoft’s stock also dropped after the company reported weaker-than-expected earnings.

Overall, it was a volatile day for the stock market, but investors remain cautiously optimistic about the economic recovery.