SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Adobe wins on Wall Street

» Updated: 16 July 2024

» Published: 14 June 2024

Adobe wins on Wall Street
Photo: David Becker/AP-TT

The New York Stock Exchange's leading index moved very little on the last day of the trading week, unlike the leading exchanges in Europe. For example, the CAC index in Paris fell 2.7 per cent.

During the day, a preliminary report was presented for the University of Michigan's index for consumer confidence, which showed that confidence had not improved in June – contrary to what analysts had predicted.

Against the trend on Wall Street, the software company Adobe went against the flow, reporting higher profits and greater turnover than expected in the previous quarter. The share price soared 14.5 per cent.

Electric car manufacturer Tesla, which rose sharply on Thursday, fell back 2.4 per cent.

The broad S&P 500 index closed unchanged, the Dow Jones industrial index fell 0.2 per cent, and the technology-heavy Nasdaq composite index rose 0.1 per cent. Calculated over the entire past week, the S&P 500 rose 1.7 per cent, while the Dow Jones fell 0.5 per cent and the Nasdaq increased 3.5 per cent.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

AI can take over jobs – but no concern in Sweden
2 MIN READ

AI can take over jobs – but no concern in Sweden

Tiktok ready to shut down in the USA
1 MIN READ

Tiktok ready to shut down in the USA

Technology stocks drive the market on a cheerful New York stock exchange
2 MIN READ

Technology stocks drive the market on a cheerful New York stock exchange

EU updates Mexico agreement
1 MIN READ

EU updates Mexico agreement

Memorial Ceremony for PG Gyllenhammar
1 MIN READ

Memorial Ceremony for PG Gyllenhammar

Investigation expanded against X
1 MIN READ

Investigation expanded against X

Trump waits to enforce Tiktok ban
3 MIN READ

Trump waits to enforce Tiktok ban

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave
1 MIN READ

Star Chef Tommy Myllymäki Loses Rental Dispute – Forced to Leave

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Better than expected for Saab
1 MIN READ

Better than expected for Saab

Norwegian giant fund seeks next CEO
1 MIN READ

Norwegian giant fund seeks next CEO

Inflation rise in eurozone confirmed
1 MIN READ

Inflation rise in eurozone confirmed

Bankers to build European transfer system
1 MIN READ

Bankers to build European transfer system

Lower prices on gasoline and diesel
1 MIN READ

Lower prices on gasoline and diesel

NCC Rebuilds Oceana After the Fire
1 MIN READ

NCC Rebuilds Oceana After the Fire

Unexpected setback for British Christmas trade
1 MIN READ

Unexpected setback for British Christmas trade

Solid stock market rise in Stockholm
2 MIN READ

Solid stock market rise in Stockholm

You'll find the cheapest food here
2 MIN READ

You'll find the cheapest food here

China reaches growth target after strong final quarter
2 MIN READ

China reaches growth target after strong final quarter

Down in Japan – up in China
1 MIN READ

Down in Japan – up in China