U.S. stock futures fell further on Friday as disappointing quarterly results from major tech companies dampened market sentiment, with investors awaiting the long-awaited July payroll report. In after-hours trading, Amazon's shares dropped about 7% after the company missed revenue expectations for the second quarter and issued weak forecasts. Intel also fell nearly 20% after announcing it would cut over 15% of its workforce and suspend dividend payments starting in the fourth quarter to realign the company. In regular trading on Thursday, the Dow dropped 1.21%, the S&P 500 fell 1.37%, and the Nasdaq Composite declined 2.3%, as recent labor market and manufacturing data raised concerns about the state of the economy. These losses occurred despite the Federal Reserve signaling a potential rate cut on Wednesday. Mega-cap tech companies were among the hardest hit, with sharp losses for Nvidia (-6.7%), Tesla (-6.6%), Apple (-1.7%), AMD (-8.3%), and Broadcom (-8.5%).