Dow Tumbles Over 1%; Adobe Earnings Top Views

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 1% on Friday.

Following the market opening Friday, the Dow traded down 1.14% to 42,477.07 while the NASDAQ dipped 0.77% to 19,512.03. The S&P 500 also fell, dropping, 0.66% to 6,005.37.

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Leading and Lagging SectorsEnergy shares jumped by 1.2% on Friday.

In trading on Friday, financial stocks fell by 1.7%.

Top Headline

Adobe Inc. (NASDAQ:ADBE) reported better-than-expected second-quarter financial results and raised its FY25 guidance on Thursday.

The company reported second-quarter revenue of $5.87 billion, beating analyst estimates of $5.79 billion, according to Benzinga Pro. The company reported second-quarter adjusted earnings of $5.06 per share, surpassing the estimated $4.96 per share

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