11:49 AM EDT, 08/01/2025 (MT Newswires) -- The three major US stock indexes were all down around midday trading Friday after President Donald Trump signed widespread tariffs into effect overnight and the US July jobs report surprised to the downside.

Total nonfarm payrolls rose by 73,000 in July, the Bureau of Labor Statistics reported Friday, far below the consensus estimate from a Bloomberg survey of 104,000. June and May payrolls were also revised downward by 133,000 to 14,000 for June and by 125,000 for May. The adjustment was the biggest two-month net downward revision since May 2020, according to Jefferies Chief US Economist Thomas Simons.

In company news, Amazon.com ( AMZN ) reported Q2 net income late Thursday of $1.68 per diluted share, up from $1.26 a year earlier and above the FactSet consensus analyst estimate of $1.33. Second-quarter revenue was $167.70 billion, up from $147.98 billion a year ago and above the FactSet consensus of $162.19 billion. For Q3, the tech giant expects operating income of $15.5 billion to $20.5 billion on revenue of $174 billion to $179.5 billion. Analysts expect $173.3 billion in revenue. Amazon ( AMZN ) shares were down 7.7% around midday.

Apple ( AAPL ) reported fiscal Q3 earnings late Thursday of $1.57 per diluted share, up from $1.40 a year earlier and above the FactSet consensus of $1.43. Fiscal Q3 revenue was $94.04 billion, up from $85.78 billion a year ago and above the FactSet consensus of $89.35 billion. Apple ( AAPL ) shares were down 1.6%.

Figma ( FIG ) shares continued to climb Friday after they jumped by 250% in their market debut Thursday. The design and product development platform priced its initial public offering on Wednesday at $33 per share for 36.9 million shares. Figma ( FIG ) shares were up 5.2%.

Fluor (FLR) reported Q2 non-GAAP earnings Friday of $0.43 per share, down from $0.85 a year earlier and below the FactSet consensus of $0.55. Second-quarter revenue was $3.98 billion, down from $4.23 billion a year ago and below the FactSet consensus of $4.51 billion. For 2025, the company lowered its adjusted EPS guidance to $1.95 to $2.15 from $2.25 to $2.75. Analysts expect $2.58. Fluor shares were down about 31%.

Coinbase Global ( COIN ) reported Q2 adjusted earnings late Thursday of $0.12 per diluted share, down from $1.10 a year earlier and below the FactSet consensus of $1.25. Second-quarter revenue was $1.5 billion, up from $1.45 billion a year ago but below the FactSet consensus of $1.59 billion. Coinbase shares were down about 15%.

Ford Motor ( F ) said Friday it sold 189,313 vehicles in July in the US, a 9.3% year-over-year increase. Hybrid vehicle sales rose by 11.8% to 18,813, while internal combustion sales rose by 9.5% to 162,271 and electric vehicle sales fell by 0.2% to 8,229. Ford shares were down 2.4%.

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