US stocks mixed, Nasdaq gains 200 points. Dow up 0.33%, Nasdaq down 0.13%, S&P 500 up 0.11%. Materials up 1%, consumer discretionary down 0.7%.
Adobe fell 8% Friday after strong Q2 and raised guidance; CFO Dan Durn departing June 15. Leadership change during financial strength signals execution concerns, affecting IT and marketing decision-makers on Creative Cloud and Experience Cloud roadmaps.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 150 points on Friday.
Following the market opening Friday, the Dow traded up 0.33% to 51,016.60 while the NASDAQ fell 0.13% to 25,777.22.
The S&P 500 also rose, gaining, 0.11% to 7,402.62.
Leading and Lagging Sectors Materials shares jumped by 1% on Friday.
In trading on Friday, consumer discretionary stocks fell by 0.7%.
Why is the US stock market rallying big today? Dow Jones, S&P 500 and Nasdaq surge on AI boom — Nvidia and Intel jump as Nasdaq significantly outperformed both the Dow and S&P
More swings for AI stocks drag Wall Street back on the roller coaster
DJIA Rises 1.86% to 50848.75 — Data Talk
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The three major stock averages extended May's gains by posting modest advances on the first two trading days of June.
