Adobe surges after the software company tops earnings estimates and boosts fiscal-year guidance, cruise stocks fall on pricing concerns, and Tesla declines after shareholders reapprove Elon Musk’s pay package.
Selling was hardest in small caps again in the stock market today, but the Dow, Nasdaq and S&P 500 trimmed larger losses Friday afternoon.
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since Adobe Inc (NYSE:ADBE) ranks 8th on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has been calmer-than-expected, […]