Stock Market Update: Tech Sell-Off Drives Losses as Adobe, Ulta Beauty, and Bitcoin Tumble
TL;DR Summary
Stocks, particularly in the tech sector, struggled as Adobe's earnings sell-off caused the Nasdaq and S&P 500 to sustain midday losses, with the Russell 2000 small-cap index adding 0.3% and the Dow Jones Industrial Average easing 0.3%. Meanwhile, Bitcoin fell 1% and the 10-year Treasury yield edged higher to 4.31%, while Ulta Beauty and Jabil experienced stock market declines after reporting their quarterly earnings.
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