Amazon, Coinbase and Tesla fall premarket; Apple and Reddit rise

Investing.com -- U.S. stock futures fell Friday in the wake of President Donald Trump extending tariffs on a number of trading partners, while investors digested more earnings from tech giants ahead of a key jobs report.

Here are some of the biggest premarket U.S. stock movers today:

• Amazon (NASDAQ:AMZN) stock slumped 7.8% after the ecommerce giant provided weak operating income guidance for the current quarter, with Amazon Web Services, its crucial cloud computing division, failing to live up to high expectations.

• Apple (NASDAQ:AAPL) stock rose 1.7% after the iPhone maker reported third-quarter results that beat expectations, driven by better-than-expected iPhone sales as China demand rebounded and services revenue hit an all-time high.

• Coinbase (NASDAQ:COIN) stock slumped 11% after the crypto exchange reported a drop in second-quarter adjusted profit due to a slowdown in trading.

• Reddit (NYSE:RDDT) stock soared 14% after the social media company forecast third-quarter revenue above expectations, betting on growing digital advertising driven by its artificial intelligence-powered marketing tools.

• Tesla (NASDAQ:TSLA) stock fell 1.2% after the EV manufacturer’s new car sales in Spain rose 27% in July from the same month in 2024, while sales of electrified cars as a whole skyrocketed, with a 155% rise.

• Figma (NYSE:FIG) stock gained 22%, following on from a blockbuster debut by the design software maker in the prior session.

• Exxon Mobil (NYSE:XOM) stock rose 0.9% after the oil major beat expectations for second-quarter profit as higher oil and gas production helped it overcome lower crude prices.

• Chevron (NYSE:CVX) stock gained 0.2% after the oil producer beat expectations for second-quarter profit as record oil and gas production and lower capital expenditure helped it boost earnings despite weaker crude prices.

• Colgate-Palmolive (NYSE:CL) stock rose 0.9% after the consumer products giant reported better-than-expected second quarter results, as both earnings and revenue surpassed analyst expectations.

• Kimberly-Clark (NASDAQ:KMB) stock rose 3.8% after the consumer goods company posted a rise in second-quarter organic sales and beat profit estimates, led by steady demand for products such as Huggies diapers and Kleenex tissues in domestic and international markets.

• Magna (NYSE:MGA) stock rose 5.6% after the auto parts supplier raised its annual sales forecast and topped second-quarter estimates, benefiting from its cost-cutting measures.