Posted 3/15/2024, 3:06:20 PM
Adobe Outlook Weighs Down Tech Stocks; Nvidia, Jabil Also See Losses
- Adobe stock plunges over 10% despite solid earnings, weighs down tech stocks
- Nasdaq and S&P 500 extend losses from previous session as Adobe outlook disappoints
- Nvidia reverses higher but remains at risk of pullback after bearish reversal last week
- Jabil shares sell off hard as weaker demand prompts full-year outlook cut
- FDA approves Madrigal's NASH drug Resdiffra, sending shares up nearly 20% though gains pare
