Adobe shares soared after better-than-expected earnings.rallied to record highs Thursday for the fourth day in a row. The S&P rose 0.23%, while the Nasdaq added 0.34%. Following a pattern this week, the Dow Jones Industrial Average underperformed and slipped 65.11 points, or 0.17%. Aside from the Dow, markets were boosted by another piece of data showing signs of inflation pressures cooling.
" Executives laid out plans for how they hope to achieve ambitious financial targets despite uncertainty in the industry and economy. Tavares also said Stellantis has achieved 8.4 billion euros in cost reductions since the company was formed by a merger in January 2021.results. The design software maker reported earnings and revenue that topped analysts' expectations and raised its full-year guidance. Adobe's revenue grew 10% from the same period a year ago.
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Source: CNBC - 🏆 12. / 72 Read more »