Stocks approach record as Fed soothes Wall Street's fears [Reuters]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: Reuters
Stocks approach record as Fed soothes Wall Street's fears - Reuters 3 Min Read (Reuters) - The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth. Saying it “will act as appropriate to sustain” economic expansion, the central bank signaled rate cuts of as much as half a percentage point over the remainder of 2019. In its statement following a two-day policy meeting, the Fed held rates steady, as expected, but dropped a previous promise to be “patient” in adjusting rates. That elevated the S&P 500 and Dow Jones Industrial average to less than 1% from their record high closes set in late April. “We think the Fed delivered. It did no harm. It walked right up to a cut without doing it today. It’ll likely be coming in July absent some big trade news or other news,” said John Augustine, chief investment officer at Huntington Bank in Co
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ADBE
News
- Polen Capital Trimmed Adobe (ADBE) on Valuation Concerns [Yahoo! Finance]Yahoo! Finance
- All-New Adobe Express Mobile App with Firefly AI Now Available to Millions Empowering them to Create Standout Content On-the-GoBusiness Wire
- Adobe (ADBE) Boosts Gen AI Efforts With Acrobat AI Assistant [Yahoo! Finance]Yahoo! Finance
- Adobe releases Acrobat AI assistant starting at $4.99 per month [FOX Business Network]FOX Business Network
- Adobe Previews Breakthrough AI Innovations to Advance Professional Video Workflows Within Adobe Premiere ProBusiness Wire
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- ADBE's page on the SEC website