NEW YORK, Jan 3, 2026, 11:05 ET — Market closed
- Adobe (ADBE) fell 4.77% on Friday to close at $333.30.
- The S&P 500 rose 0.2% in the first U.S. session of 2026, while the Nasdaq was nearly flat.
- Next catalysts include the U.S. jobs report on Jan. 9 and Adobe’s Q1 FY2026 earnings call on March 12.
Adobe Inc shares slid 4.8% on Friday, ending the first U.S. trading session of 2026 at $333.30.
The decline put the software maker on the back foot as investors head into a week where U.S. data is expected to set the tone for rate expectations and risk appetite.
The U.S. employment report for December is due on Jan. 9, the Bureau of Labor Statistics said, and investors are watching it for signals on the Federal Reserve’s next steps.
Fed funds futures — derivatives often used as a real-time gauge of rate-cut bets — show little chance of a move at the late-January meeting but close to a 50% probability of a quarter-point cut in March, Reuters reported.
U.S. stocks started 2026 mixed. The S&P 500 rose 0.2% on Friday and the Dow gained 0.7%, while the Nasdaq slipped slightly as several large tech stocks fell, the Associated Press reported.
Adobe traded between $331.64 and $351.12 and logged about 5.6 million shares in volume, according to Yahoo Finance historical data.
Weakness was visible across parts of the software space. Autodesk fell 3.1% in the same session, MarketWatch data showed.
For Adobe, investors remain focused on whether the company’s generative AI features can translate into steadier subscription growth across Creative Cloud.
Adobe is seeing AI adoption rise, with monthly active users for its freemium offerings — free-to-start products designed to convert users to paid plans — up 35% year over year to more than 70 million, CFO Dan Durn told Reuters. “We’re seeing significant strength in Creative Cloud Pro, Photoshop, Lightroom,” he said. Reuters
In its latest outlook, Adobe forecast fiscal 2026 revenue of $25.90 billion to $26.10 billion and adjusted earnings per share of $23.30 to $23.50, Reuters reported. Adjusted results exclude some items such as acquisition-related charges.
Before Monday’s session, investors will be watching the Jan. 9 jobs report and the Dec. 2025 consumer price index release due Jan. 13 for any shift in rate-cut expectations.
The same week also brings the start of fourth-quarter earnings season, beginning with major U.S. banks reporting on Jan. 13, Reuters reported.
Adobe’s next scheduled company catalyst is its first-quarter fiscal 2026 earnings call on March 12, according to its investor relations calendar.
On the chart, traders are watching whether ADBE holds the $330 area near Friday’s low after failing to stay above $350.
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