Shares of Photoshop and Acrobat Reader developer Adobe Inc (NASDAQ: ADBE) are trading half-a-point lower ahead of its earnings Wednesday, which are expected to be issued after the closing bell.
Here’s what investors need to know.
Sunrun Inc. (NASDAQ: RUN) has recently come under investor scrutiny for its ties to Silicon Valley Bank, which was taken over by regulators amid a collapse last week.
Pessimistic observers have labeled the company a “cash-incinerating science project.”
Lennar Corp (NYSE: LEN) shares are on the rise as the homebuilder's earnings outperformed expectations on both revenue and earnings per share. While this may be one factor driving the stock price, another catalyst could be the uptick in a separate homebuilder confidence indicator.
U.S. stocks traded lower this morning, with the Dow Jones dropping more than 500 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 1.69% to 31,612.42 while the NASDAQ fell 1.26% to 11,284.65. The S&P 500, also fell, dropping, 1.64% to 3,855.15.
SentinelOne, Inc. (NYSE: S) reported a narrower-than-expected loss for its fourth quarter. The company, however, but issued full-year revenue guidance below analyst estimates.
Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the key $25,000 level on Wednesday.
Ethereum (CRYPTO: ETH) also moved lower, falling below the $1,700 mark this morning.