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Why These 2 Tech Giants Saw Their Stocks Fall Friday Morning


The stock market has been on a roll lately, but it looked as though Friday morning would have a mixed start on Wall Street. Even though futures on the Dow Jones Industrial Average saw modest gains, indexes with a greater concentration of tech stocks didn't seem to fare as well, pointing toward a potentially lower open.

A pair of high-profile tech stocks came into the spotlight Friday morning, and both saw their share prices move lower in premarket trading. Adobe (NASDAQ: ADBE) reported quarterly financial results that failed to live up to all of the expectations of its shareholders, while ASML (NASDAQ: ASML) had to deal with a warning from a key customer that could point toward a slowdown in its business in the near term.

Shares of Adobe were down almost 4% in premarket trading. The creative software giant reported fiscal third-quarter financial results for the period ended Sept. 1, and while the numbers looked solid, they weren't quite enough to satisfy investors who are increasingly hungry for accelerating growth.

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Source Fool.com

Adobe Inc. Aktie

502,10 €
-0,61 %
Ein geringer Kursrückgang bei Adobe Inc. heute, um -0,61 %.
Adobe Inc. sticht hervor mit 60 Buy- und nur 2 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 588 € für Adobe Inc. deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 502.1 € hin.
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