Shares of Adobe Inc. ADBE, -1.42% shed 1.42% to $336.52 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.45% falling 1.45% to 3,822.39 and Dow Jones Industrial Average DJIA, -1.05% falling 1.05% to 33,027.49. The stock’s fall snapped a two-day winning streak. Adobe Inc. closed $246.36 below its 52-week high ($582.88), which the company reached on December 28th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Apple Inc. AAPL, -2.38% fell 2.38% to $132.23, Microsoft Corp. MSFT, -2.55% fell 2.55% to $238.19, and Alphabet Inc. Cl C GOOG, -2.20% fell 2.20% to $88.26.true Trading volume (2.3 M) remained 1.3 million below its 50-day average volume of 3.6 M.