NEW YORK (dpa-AFX) – The US stock markets fell moderately on Thursday. Producer prices and labor market data had little influence on prices.
The leading index Dow Jones Industrial fell by 0.35 percent to 43,995.79 points a good two hours before the market closed. The technology-heavy NASDAQ 100, which had climbed to a record high the day before, paid some tribute to its rally with minus 0.36 percent to 21,685.01 points. The market-wide S&P 500 fell by 0.24 percent to 6,069.45 points.
Shares in Adobe fell by 13.6 percent after the software manufacturer gave an unexpectedly gloomy outlook for the full year after presenting quarterly figures. This increases concerns about the company’s ability to compete with AI-based companies, an industry insider said. The company’s growth story is becoming increasingly complex, said Goldman analyst Kash Rangan. However, he reminds us that Adobe has repeatedly exceeded its initial goals in the past.
With an increase of 0.8 percent, the Apple shares (Apple) did not quite come close to their record high from the previous day. In terms of market value, the $4 trillion mark remains within reach. The shares of the Electric carManufacturer Tesla recently fell by 0.8 percent after hitting another high in early trading.
According to CIENA’s quarterly figures, the telecom equipment supplier’s stocks rose to their highest level since the beginning of 2002. Most recently, the increase was around 16 percent./ajx/nas