"Tech Stocks Tumble: Adobe Plunges, Nvidia Reverses Amid Market Volatility"

Stocks struggled near the day's lows as Adobe's earnings-induced troubles affected the market, with the Dow falling 0.6% and the S&P 500 tumbling 0.7%. Nvidia rose ahead of a key artificial intelligence event, while Tesla fell further. Economic indicators showed manufacturing activity contracting and consumer sentiment slightly lower than expected. Several companies reported earnings, with Adobe plunging, GigaCloud Technology soaring, and Nvidia breaking a losing streak. Other companies, such as Accenture, Lululemon, Darden Restaurants, KB Home, Smartsheet, Jabil, Ulta Beauty, and Madrigal Pharmaceuticals, also made market moves.