HomeNews & updatesAdobe Inc. stock falls Thursday, underperforms market - MarketWatch

Adobe Inc. stock falls Thursday, underperforms market – MarketWatch

Shares of Adobe Inc. ADBE, -1.64% slumped 0.78% to $370.53 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, -1.71% rising 0.30% to 3,966.85 and the Dow Jones Industrial Average DJIA, -1.70% rising 0.46% to 31,656.42. This was the stock’s 10th consecutive day of losses. Adobe Inc. closed $329.01 below its 52-week high ($699.54), which the company reached on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. MSFT, -1.44% fell 0.41% to $260.40, Salesforce Inc. CRM, -1.45% fell 1.66% to $153.53, and SAP SE ADR SAP, -0.71% fell 1.46% to $83.98. Trading volume (2.6 M) eclipsed its 50-day average volume of 2.3 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40 years.

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