Adobe stock hits a new 52-week low as ADBE lags tech rebound
Adobe shares fell 0.4% to $267.26 Monday after touching a 52-week low, trailing a sharp rebound in other U.S. software stocks. The move came as traders watched for U.S. jobs and inflation data and awaited Adobe’s March earnings. The S&P 500 software index rose about 6%, but Adobe remained under pressure from AI-related concerns and volatility.