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Adobe Leads Tech Sector Decline Amid Yield Pressures

Adobe Leads Tech Sector Decline Amid Yield Pressures

Author:

Global Cryptocurrency

Published:

2026-01-03 10:34:02

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BTCCSquare news:

Adobe (ADBE) shares tumbled 4.8% to $333.30 in a broad tech selloff, underperforming the Nasdaq's marginal 0.03% dip as Treasury yields rose. The stock tested support at $332 after breaking below its 50-day moving average, with 5.6 million shares changing hands during volatile trading between $331.64-$351.12.

Market participants await next week's U.S. jobs report and CPI data for directional cues. While the Dow gained 0.66% and S&P 500 ROSE 0.19%, value stocks outpaced growth names—a trend that pressured Adobe despite its AI monetization potential and strategic acquisition of Semrush.

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