Take a look at the companies making the biggest moves in the afternoon: Rare Earths – The group rose broadly after President Donald Trump said China was holding the world “hostage” over its minerals and threatened countermeasures. MP Materials was up 13%, along with USA Rare Earth. Magnificent Seven – Megacap technology shares tumbled on Friday after Donald Trump threatened a “huge” tariff hike on China. each of the Magnificent Seven stocks fell more than 1%. Amazon fell more than 3%, Nvidia fell 1.5%, while Apple fell 2%. Chinese stocks – Shares of Chinese companies traded in the US largely fell following Trump's threats against China. Alibaba and Baidu each fell more than 6%. PDD Holdings lost 4%. Rocket Lab — Shares of the space company rose more than 4% after it won multi-launch contracts from the Japan Aerospace Exploration Agency. The stock is up more than 23% so far this week. Protagonist Therapeutics – Pharma shares rose 34% after The Wall Street Journal reported, citing sources, that Johnson & Johnson was in talks to acquire Protagonist. Applied Digital – Shares rose 19% after the data center builder reported that revenue in the first fiscal quarter was 84% higher than the comparable period last year. Doximity – The medical digital platform saw its shares plummet 7% after JPMorgan downgraded the stock from neutral to underweight. The Wall Street firm noted valuation issues, a competitive landscape and risks to digital pharmaceutical ad spend. Mosaic – Chemicals stocks fell more than 9% after the company reported disappointing third-quarter preliminary volumes. Mosaic said it experienced unexpected mechanical problems at its sulfuric acid plant in Riverview and utility outages in Bartow in mid-September, causing a significant drop in overall production for the remainder of the month. Levi Strauss – The denim clothing maker fell more than 11% after issuing weaker-than-expected fourth-quarter earnings guidance. Levi Strauss expects fourth-quarter earnings of 36 cents per share to 38 cents per share. Analysts polled by FactSet had forecast 41 cents per share. — CNBC's Christina Cheddar-Berk, Yun Li, Alex Harring and Sarah Min contributed reporting.
