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Futures down: Dow 0.9%, S&P 500 0.91%, Nasdaq 1%

Aug 1 (Reuters) - Wall Street futures declined on

Friday, hammered by new U.S. tariffs on dozens of trading

partners and Amazon's ( AMZN ) unimpressive earnings, while investors

awaited a key jobs report to gauge the Federal Reserve's next

move.

Hours ahead of the tariff deadline, President Donald Trump

signed an executive order imposing duties ranging from 10% to

41% on U.S. imports from foreign countries.

Rates were set at 25% for U.S.-bound exports from India, 20%

for Taiwan, 19% for Thailand and 15% for South Korea.

The deadline set by Trump came with little to no hope of an

extension, as made clear by the White House in its stance.

However, China is facing an August 12 deadline to reach a

durable tariff agreement with Trump's administration after

Beijing and Washington reached preliminary deals in May and June

to end tit-for-tat tariffs and a cut-off of rare earth minerals.

"The August 1 announcement on reciprocal tariffs is somewhat

worse than expected," analysts at Societe Generale said.

The CBOE Volatility index, also known as Wall

Street's fear gauge, jumped to a more than two-week high of

18.40 points.

At 5:54 a.m. ET, S&P 500 E-minis were down 58.25

points, or 0.91%, Nasdaq 100 E-minis were down 234.75

points, or 1%, and Dow E-minis were down 398 points, or

0.9%.

Meanwhile, Amazon ( AMZN ) slid 7.6% in premarket trading

after growth in its cloud computing unit failed to impress

investors, in contrast to robust gains reported by AI-focused

rivals Alphabet and Microsoft ( MSFT ).

Apple ( AAPL ) posted its current-quarter revenue forecast

well above Wall Street estimates, but CEO Tim Cook warned U.S.

tariffs would add $1.1 billion in costs over the period. The

stock was up 2%.

On Thursday, the S&P 500 and the Nasdaq

retreated from intraday record highs to end lower as AI-driven

enthusiasm following blockbuster earnings from Microsoft ( MSFT ) and

Meta Platforms ( META ) fizzled out.

Microsoft ( MSFT ) briefly surpassed $4 trillion in market value,

becoming only the second publicly traded company to reach this

milestone after Nvidia ( NVDA ).

A key driver for Wall Street on Friday could be U.S. jobs

data. Estimates show a rise of 110,000 in July payrolls, while

the jobless rate is seen rising to 4.2% from 4.1%, according to

economists polled by Reuters.

A strong reading could trim bets for a September interest

rate cut, after data this week showing stronger-than-expected

second-quarter GDP data and an uptick in June inflation

influenced expectations on the rate path.

Federal Reserve Chair Jerome Powell's remarks following

Wednesday's policy decision - when rates were kept unchanged -

also showed no urgency for a September rate cut.

In other earnings-related moves, Coinbase Global ( COIN )

shed 11.1% after the crypto exchange reported a drop in adjusted

profit for the second quarter, marred by weaker trading activity

amid reduced cryptocurrency volatility.