The stock market closed mixed on Tuesday, as strong corporate earnings and declining oil prices supported overall market sentiment, but weakness in major technology stocks limited Nasdaq gains.
Overall, S&P 500 rose 0.3% to 7,713, while Nasdaq was flat at 26,425.
Chart of the Day
Here is the one-year chart of Adobe (ADBE) of September 22, 2026, when the stock was at $238.
Adobe (ADBE) stock is in sunk, but the numbers still look good. Last quarter, the company delivered another solid quarter, as profits increased 15% on 13% revenue growth, driven by subscription growth and expanding adoption of its AI-powered products. Last quarter, the company reached 1 billion monthly active users across its creativity and productivity solutions.
Management highlighted Adobe’s transition from traditional creative and productivity software toward an AI-powered platform ecosystem. Adobe’s AI-first Annual Recurring Revenue (ARR) grew more than 150% year over year, while creative freemium users surpassed 100 million.
Adobe also plans to acquire Topaz Labs, a developer of AI-powered photo and video enhancement software, to enhance Firefly and Creative Cloud. Meanwhile, Adobe’s CX Enterprise AI agent has attracted 1,700 customers and early adopters.
Despite this strong performance, ADBE stock has fallen from around $347 four quarters ago to about $238 this quarter. On the bright side, with a P/E of just 10, the stocks looks like a deal.
ADBE is part of the Conservative Growth Portfolio.
