These Stocks Moved the Most Today: Apple, Amazon, Figma, Reddit, Eastman Chemical, MicroStrategy, Coinbase, and More

A trader works on the floor of the New York Stock Exchange. (Angela Weiss/ AFP via Getty Images)

Stocks fell sharply Friday after the U.S. economy added fewer jobs than expected in July and President Donald Trump threatened tariffs on a number of U.S. trading partners.

These stocks moved:

Apple reported a jump of 10% in fiscal third-quarter revenue to $94 billion as iPhone sales rose more than 13% from a year earlier to $44.58 billion and surpassed Wall Street estimates of $40.09 billion. Analysts suggest many customers rushed to buy new iPhones expecting that tariffs would boost prices. CEO Tim Cook said Apple incurred about $800 million of tariff-related costs in the third quarter. Cook added Apple estimates it will face tariff costs of about $1.1 billion in its fiscal fourth quarter. Apple shares fell 2.5%.

Amazon.com fell 8.3%. The tech and online retailing giant posted better-than-expected second-quarter earnings, as profit rose 35% from a year earlier and net sales rose by 13% to $168 billion. Analysts had been expecting sales of $162 billion. Amazon recorded $30.9 billion in revenue in its Amazon Web Services cloud business, up nearly 18% from a year earlier and higher than Wall Street forecasts of $30.8 billion. Amazon said it expects third-quarter sales of $174 billion to $179.5 billion, compared with expectations of $173.3 billion. However, Amazon said it anticipates third-quarter operating income of $18 billion at the midpoint of its range, below analysts’ estimates of $19.5 billion.

Figma rose 5.4% to $121.76 after closing up 250% in its trading debut Thursday at $115.50. The design software start-up’s initial public offering of 36.9 million shares was priced Wednesday at $33 a share, above the expected range. Figma’s IPO raised more than $1.2 billion.

Chevron slipped 0.2% after the energy giant posted better-than-expected second-quarter adjusted earnings but said its production business logged a profit of $2.73 billion, down from $4.47 billion a year earlier, because of lower oil prices.

Exxon Mobil fell 1.8%. Earnings in the second quarter fell 23% from a year earlier on lower oil prices. Profit of $1.64 a share beat analysts’ expectations of $1.56.

Moderna declined 6.6% after the vaccine maker reported a narrower-than-expected loss in the second quarter as revenue fell 41% from the same period a year earlier, primarily due to lower Covid-19 vaccine sales. Moderna also cut the high end of its full-year revenue outlook.

Microsoft fell 1.8%. The software company closed up 4% on Thursday at an all-time high of $533.50 after posting fiscal fourth-quarter earnings that beat analysts’ estimates. Revenue jumped 18% to $76.4 billion. Microsoft closed with a market valuation of $3.966 trillion after crossing $4 trillion during Thursday’s session.

Tesla shed 1.8% after the electric-vehicle maker began offering ride-hailing services in the San Francisco Bay Area. “You can now ride-hail a Tesla in the SF Bay Area, in addition to Austin,” said CEO Elon Musk in a post on X.com, adding that “Invites to our Bay Area ride-hailing service are going out now.”

Reddit swung to a profit in the second quarter and adjusted earnings easily topped analysts’ expectations. Ad revenue in the quarter of $465 million jumped 84% from a year earlier. The social media company issued better-than-expected revenue guidance for the third quarter. Reddit shares jumped 17%.

MicroStrategy, the largest corporate holder of Bitcoin, swung to a profit in the second quarter as revenue rose 3% from a year earlier and its Bitcoin per share increased 25% in 2025. MicroStrategy earned $32.60 a share in the quarter, a reversal from a year-earlier loss of 57 cents. Operating income jumped more than 7,000% to $14.03 billion as an accounting change allowed MicroStrategy to include an unrealized gain on the company’s digital assets of $14 billion. Shares fell 8.8%.

Coinbase Global reported second-quarter revenue of $1.5 billion that slightly missed analysts’ expectations while transaction revenue of $764.3 million also came up shy of forecasts of $814 million. Subscription and services revenue in the period was $656 million. The cryptocurrency exchange said it expects third-quarter subscription and services revenue of $665 million to $745 million, below estimates of $752.9 million. Coinbase declined 17%.

First Solar rose 5.3% after the solar company reported better-than-expected second-quarter earnings and issued a mixed full-year outlook. First Solar expects 2025 revenue of between $4.9 billion and $5.7 billion, higher than earlier forecasts of $4.5 billion to $5.5 billion. The company also narrowed its earnings guidance to a range of $13.50 to $16.50 a share, from $12.50 to $17.50.

Eastman Chemical fell 19% and was the worst-performing stock in the S&P 500 on Friday after posting second-quarter adjusted earnings that missed Wall Street estimates. Eastman also forecast adjusted profit in the third quarter of $1.25 a share, well below analysts’ calls of $1.91 that were made before the earnings report was issued.

Fluor fell 37% after the engineering and construction company reported worse-than-expected second-quarter earnings and slashed its 2025 outlook.

Rocket Cos. rose 12% after second-quarter earnings and revenue beat analysts’ estimates while revenue guidance for the third quarter also topped forecasts.

Write to Joe Woelfel at joseph.woelfel@barrons.com