Stock Market News Today: Tech Stocks Slip Amid Apple Gloom, With Jobs Report On Deck

Tech stocks fell on Friday after disappointing results from Apple ( AAPL ) as investors awaited the monthly U.S. jobs report, which will test hopes that the Federal Reserve has ended its campaign to raise interest rates.

Technology-heavy Nasdaq 100 (^NDX) futures were down 0.4% and S&P 500 (^GSPC) futures were down 0.1%. Dow Jones Industrial Average (^DJI) futures were also weak, hovering above the zero line after closing more than 500 points as stocks posted big gains on Thursday.

Although Apple's after-hours earnings beat expectations in its quarterly report, the iPhone maker was cautious about growth prospects, saying it expects sales of iPads, Macs and mobile devices to decline "significantly."

As investors ponder what this means for consumer resilience — and a series of disappointing results this season could distort assessments of whether the Fed's tightening of monetary policy is slowing the economy — attention turned to the labor market report. On the twentieth of October.

Read more : What does the Fed's stop raising interest rates mean for checking accounts, CDs, loans and credit cards?

The health of the labor market is a key factor for the Fed's decision-makers, and for some reasons, the result is expected to destroy the current hope that the central bank will refrain from raising interest rates again this year. The nonfarm payrolls report is expected to show the U.S. economy added 180,000 jobs, signaling a slowdown in growth.

• Tech stocks traded thin on major U.S. stock indexes as investors weighed Apple's cautious sales outlook and awaited the U.S. October jobs report.

  Technology-heavy Nasdaq 100 (^NDX) futures were down 0.19% and S&P 500 (^GSPC) futures were down 0.06%. The Dow Jones Industrial Average ( ^DJI ) fell 0.03% or 29 points.

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