Adobe stock slides nearly 5% today as software names stumble into 2026
Adobe shares dropped 4.9% to $332.92 by early afternoon Friday, reversing an early gain as investors braced for key U.S. economic data next week. Other major software stocks also fell, while chip stocks rose. Traders are watching the Jan. 9 jobs report and Jan. 13 inflation data for signals on interest rates. Adobe’s next earnings call is set for March 12.