Tech Giants Apple and Amazon Drive Stock Market Volatility

Stocks ended the week in the red after a rough start to August, with the S&P 500 and Nasdaq both down over 2%. The July jobs report showed a cooling labor market, which will impact the Fed's interest rate decision. Amazon's stock surged over 8% after beating earnings expectations, while Apple's stock dropped almost 5% due to sluggish iPhone sales. Coinbase argued in court that cryptocurrencies sold on its exchange are more like baseball cards than investment securities.