New York, February 14, 2026, 14:47 EST — Market closed.
Adobe Inc shares (ADBE.O) ended Friday up 0.56% at $263.97. The stock was last down 0.03% in after-hours trade, according to Investing.com data. (Investing)
U.S. exchanges are shut on Monday for Washington’s Birthday, pushing the next full session to Tuesday and giving investors a breather after a rough stretch for software shares. (New York Stock Exchange)
That matters for Adobe because big tech valuations can turn on small shifts in rate expectations, and because investors have been quick to sell anything seen as vulnerable to newer AI tools. The question into next week is whether buyers step in again, or if the bounce was just a pause.
Adobe had risen 2.08% on Thursday after five straight daily declines, but it still sat more than 43% below its 52-week high, MarketWatch data showed. (MarketWatch)
An AI-driven fear trade has hammered software: the S&P 500 Software & Services index has shed about $2 trillion since an October peak, Reuters reported. Adobe is down about 25% so far in 2026, while Nasdaq 100 names Atlassian, Intuit and Workday are off sharply. “Investors remain in ‘sell first think later’ mode,” Barclays strategist Emmanuel Cau said. (Reuters)
Friday’s move came as traders digested a softer U.S. inflation print for January, with the CPI up 0.2% on the month and 2.4% year-on-year, Reuters reported. Core CPI — which strips out food and energy — rose 0.3% and the annual core rate eased to 2.5%, the smallest gain in nearly five years. “Price pressures remain a little too hot for comfort,” Edward Jones strategist James McCann said. (Reuters)
The Dow and S&P 500 finished barely higher on Friday while the Nasdaq slipped, and the 10-year U.S. Treasury yield fell to about 4.05%. “It is a bit of good news as we head into the long holiday weekend,” Tim Holland, chief investment officer at Orion, said of the inflation data. (Reuters)
Investors get another macro read on Friday, when the Commerce Department is due to publish the advance estimate of fourth-quarter GDP and the December Personal Income and Outlays report, which includes the Fed-watched PCE inflation gauge. (Bureau of Economic Analysis)
But the relief trade in beaten-up software can fade quickly. If yields rebound or the AI disruption narrative keeps spreading, Adobe could get dragged back toward this month’s lows, even without fresh company news.
Adobe’s next hard catalyst is its first-quarter fiscal 2026 earnings call on March 12, when investors will be listening for updates on demand trends and how AI features are translating into revenue. (Adobe)
