From Investor’s Business Daily:

Stocks opened lower on Friday due to Adobe’s earnings sell-off, with the Nasdaq down 1% and the S&P 500 down 0.7%. Adobe’s revenue outlook weighed on the market, leading to a drop below the 200-day moving average. Tech stocks like Salesforce, Amazon, and Microsoft were also down. On the positive side, Madrigal Pharmaceuticals soared nearly 20% after FDA approval for their liver disease treatment. Ulta Beauty saw a 5% slump despite a rise in profit. Bitcoin fell 2%, while Coinbase and CleanSpark made gains. Treasury yield hit 4.31%, and the Empire State Manufacturing index contracted more than expected.



Read more at Investor’s Business Daily: Stock Market Today: Adobe Sell-Off Casts Pall On Tech Stocks; Ulta Beauty Tumbles