NEW YORK, Feb 8, 2026, 05:33 EST — Market closed
- Adobe slipped on Friday, missing out as tech stocks drove a Wall Street rebound.
- Semrush investors gave the green light to the merger agreement with Adobe, moving the pending deal forward.
- U.S. jobs numbers and inflation figures are on deck this week for investors, with Adobe’s quarterly update still coming up later in March.
Adobe Inc. finished Friday’s session down roughly 0.4% at $268.38, giving up earlier gains and settling below the flatline before markets open again on Monday.
This puts Adobe in a tricky position. Investors have rotated into “AI trade” winners again, yet some software names, Adobe included, are still getting tagged with worries about fresh rivals and shrinking margins.
Wall Street roared Friday, with the Dow notching a new milestone—closing above 50,000 for the first time ever. The Nasdaq surged 2.18% as chipmakers rallied, fueled by hopes of ramped-up AI-related capital spending on data centers and gear. “I think there’s enough evidence that there’s real demand for AI products,” said Baird investment strategy analyst Ross Mayfield. 1
Adobe shares kicked off Friday at $271.68, swinging from $265.31 up to $275.00 over the session. Yahoo Finance put volume at roughly 5.4 million shares traded. 2
Semrush shareholders signed off on the merger deal with Adobe during a special meeting held Feb. 3, according to MarketBeat. Investors also gave a nod to the executive pay package tied to the transaction. 3
Back in November, Adobe said it plans to acquire Semrush for $1.9 billion in cash, aiming to boost its suite of marketing tools as the industry tilts toward chatbots and generative AI. “Brand visibility is being reshaped by generative AI,” Anil Chakravarthy, who heads Adobe’s Digital Experience unit, said at the time. Both companies expect the deal to close in the first half of 2026, pending regulatory sign-off. 4
Macro risk is set to hit midweek. The U.S. January jobs data drops Feb. 11 at 8:30 a.m. ET, while the January CPI comes two days later on Feb. 13, also at 8:30 a.m., per BLS schedules. 5
The next major event for Adobe is its earnings release. While the company hasn’t set an official date yet, MarketBeat puts the estimated report day at March 11. 6
But there’s risk here, too. A stronger inflation reading—or even hints that AI is eroding pricing power across creative and marketing software—could drag the group lower once more. Any holdup or added scrutiny over the Semrush deal would just pile on more uncertainty.
First up: will Monday bring any follow-through for Friday’s software bounce? Then eyes move to Wednesday’s jobs numbers, and CPI on Friday. Adobe drops its quarterly update mid-March.
