Posted 3/15/2024, 6:44:59 PM
Stocks Mostly Down as Adobe Drags Market Lower; Nvidia Rises Ahead of AI Conference
- Stocks fell as Adobe's earnings miss dragged the market down; the Nasdaq was headed for its first back-to-back weekly losses since October
- Nvidia bucked the negative trend, rising ahead of a key AI conference next week
- Tesla pared some losses but remains in a downtrend
- Adobe fell 13% on disappointing guidance even as it beat Q1 targets
- The Empire State Manufacturing Index and University of Michigan consumer sentiment index came in weaker than expected