HomeNews & updatesAdobe Inc. stock outperforms competitors despite losses on the day - MarketWatch

Adobe Inc. stock outperforms competitors despite losses on the day – MarketWatch

Shares of Adobe Inc. ADBE, +0.70% slid 0.43% to $373.44 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.33% falling 0.78% to 3,955.00 and Dow Jones Industrial Average DJIA, +0.12% falling 0.88% to 31,510.43. This was the stock’s ninth consecutive day of losses. Adobe Inc. closed $326.10 below its 52-week high ($699.54), which the company achieved on November 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +1.55% fell 0.57% to $261.47, Salesforce Inc. CRM, +2.28% fell 2.22% to $156.12, and SAP SE ADR SAP, -0.97% rose 0.83% to $85.22. Trading volume (3.1 M) eclipsed its 50-day average volume of 2.4 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.
The latest increase of 0.75 percentage point brings the central bank's main policy rate up to a range of 3%-3.25%, the highest since early 2008.

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