S&p 500 Gains And Losses Today: Adobe Stock Falls As Guidance Blurs Ai Outlook

Major U.S. equities indexes moved little Thursday aft nan Producer Price Index study showed an unanticipated uptick successful wholesale inflation during November.

Expectations stay precocious for nan Federal Reserve to little liking rates astatine adjacent week's meeting. Still, nan latest motion of stubborn ostentation added uncertainty astir the way forward for nan Fed successful 2025.

The S&P 500 fell 0.5%. The Dow was besides down 0.5%, while nan Nasdaq dropped 0.7%, dropping backmost beneath nan 20,000-point period it pierced for nan first clip during nan erstwhile session.

Adobe (ADBE) shares plunged 13.7%, nan worst capacity of immoderate S&P 500 banal connected Thursday, aft nan package supplier issued lower-than-expected income guidance. Although beardown request for artificial intelligence devices helped nan institution apical income and profit estimates for its fiscal 4th quarter, nan gross outlook raised concerns astir Adobe's traction successful nan competitory generative AI package market.

Industrial adhesive shaper Nordson (NDSN) besides exceeded expectations pinch its fiscal forth-quarter income and profits, but its shares tumbled 8.2% pursuing underwhelming fiscal-2025 guidance. The institution said a little backlog and restrained spending by its customers contributed to its blimpish outlook but noted a affirmative publication from its acquisition of aesculapian components supplier Atrion.

Shares of information retention supplier Western Digital (WDC) sank 5.6%. The move little came aft guidance said that pricing for NAND—a type of flash representation utilized successful smartphones and solid-state drives—will apt stay nether much unit than antecedently anticipated.

Stocks successful nan alloy manufacture came nether unit aft analysts astatine UBS pointed to a little charismatic risk/reward floor plan successful nan aftermath of a caller rally. Shares of Nucor (NUE) and Steel Dynamics (STLD) mislaid astir 5% aft UBS downgraded its position connected some stocks.

Warner Bros. Discovery (WBD) announced plans to abstracted its tv business from its streaming and movie studios. Shares of nan media elephantine skyrocketed 15.4% connected nan news. The institution said it would create 2 chopped operating divisions: 1 that encompasses its world streaming level and movie studios, and different concentrated connected linear TV. The company's CEO said nan restructuring will springiness Warner Bros. Discovery much elasticity successful adapting to nan shifting media landscape.

C.H. Robinson Worldwide (CHRW) shares roseate 4.5% arsenic nan freight transporter held its investor day. Heading into nan event, nan CEO of nan logistics patient stressed its translator to a thin operating model, successful deployment of AI technology, and capacity to soften nan effect of imaginable tariffs nether nan incoming statesmanlike administration.

Shares of MetLife (MET) jumped 3.6% arsenic nan security elephantine unveiled a five-year maturation plan designed to boost profits and free rate travel while lowering expenses. The patient highlighted 4 areas of opportunity it intends to reside nether its updated strategy: building connected its position successful group benefits, leveraging its status platform, increasing its plus guidance business; and expanding successful world markets.