Biggest stock movers Friday: AMZN, FIG, and more

Stock futures edged down Friday morning as investor sentiment took a hit from concerns over the economic impact of higher tariffs, with market participants also awaiting the closely watched U.S. payrolls report due later in the day.

Here are some of Friday’s biggest stock movers:

Biggest stock gainers

• Figma (NYSE:FIG) +18% – Shares extended gains after a stunning NYSE debut on Thursday, where they soared 250% intraday, briefly topping $105. The design software firm priced its IPO at $33 per share, above the expected range, and saw its market value surpass $50B shortly after listing. The explosive rally marked one of the most dramatic IPO openings in recent memory.

• Reddit (NYSE:RDDT) +14% – Shares rallied after the company delivered a double beat in Q2 and issued strong Q3 guidance. Daily active users rose 21% Y/Y to 110.4M, while revenue surged 78% to $500M, driven by 84% growth in ad sales. Q3 revenue is expected at $535M–$545M above the consensus of $472.7M with adjusted EBITDA of $185M–$195M (consensus $159.5M).

Biggest stock losers

• Coinbase Global (NASDAQ:COIN) -9% – Shares plunged after Q2 adjusted EPS of $0.12 fell far short of the $1.49 consensus, sharply down from $1.93 in the prior quarter and $1.10 a year ago. Total net revenue of $1.42B also missed estimates of $1.59B, declining from $1.96B in Q1 but up from $1.38B a year earlier. Looking ahead, Coinbase expects Q3 subscription and services revenue of $665M–$745M (midpoint $705M vs. $742M consensus), transaction expenses to grow in the mid-teens as a percentage of net revenue, tech and G&A costs of $800M–$850M, and sales and marketing spend of $190M–$290M.

• Amazon (NASDAQ:AMZN) -7% – Shares declined even after the company topped Q2 expectations on revenue, EPS, and operating income, as its Q3 operating income guidance midpoint came in below consensus. Amazon expects Q3 revenue of $174.0B–$179.5B (midpoint $176.3B vs. $173.3B consensus) and operating income of $15.5B–$20.5B (midpoint $18.0B vs. $19.4B consensus). CEO Andy Jassy highlighted constraints in AI growth due to limited electricity and chip supply, noting capital expenditures of $31.4 billion in Q2 will likely persist for the remainder of the year as Amazon invests further in chips, data centers, and power infrastructure.