Top Movers of the Day

Stocks fell sharply on Friday due to a weaker-than-expected July jobs report, raising recession fears. The S&P 500 dropped 1.84%, the Nasdaq Composite lost 2.43%, and the Dow Jones fell 1.51%. Major tech stocks like Amazon and Intel saw significant losses. The 10-year Treasury yield hit its lowest since December as investors sought safety in bonds. 

The Nasdaq entered correction territory, while the S&P 500 and Dow were down 5.7% and 3.9% from their highs. Bank stocks also declined on recession worries. The market volatility follows the Fed's hints of a potential rate cut in September.

Here are the top movers of the day:

Chevron fell 2.7% after missing Q2 earnings estimates, reporting adjusted earnings of $2.55 per share on $51.18 billion in revenue, versus the expected $2.93 per share on $50.8 billion.

Intel slumped over 26%, its worst single day ever, following weak guidance and announcing 15,000 layoffs, with a halt on Q4 dividends.

Amazon dropped 9% due to a disappointing Q3 outlook, forecasting $154-$158.5 billion in Q4 revenue, below the expected $158.24 billion.

Apple rose nearly 1%, one of the few stocks in the green, after beating Q3 expectations with a 5% year-over-year revenue increase, driven by iPhone, iPad, and Services sales.

Snap declined 26% on weak Q3 guidance, forecasting adjusted earnings of $70-$100 million versus the expected $110 million.

Cloudflare gained 7% after raising its full-year forecast to $0.70-$0.71 per share, up from $0.60-$0.61.

DoorDash jumped 8.3% on Q2 revenue of $2.63 billion, exceeding the expected $2.54 billion.

Clorox rose 7.4% after raising its full-year adjusted earnings forecast to $6.55-$6.80 per share, above the expected $6.45.

Twilio climbed 12% on Q2 results, reporting adjusted earnings of $0.87 per share on $1.08 billion in revenue, surpassing the expected $0.70 per share on $1.06 billion.

GoDaddy increased 7% after raising its full-year revenue outlook to $4.525-$4.565 billion, above the expected $4.53 billion.