Shares of Adobe Inc. ADBE, -1.12% slid 1.12% to $278.25 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -2.11% falling 2.11% to 3,640.47 and Dow Jones Industrial Average DJIA, -1.54% falling 1.54% to 29,225.61. The stock’s fall snapped a two-day winning streak. Adobe Inc. closed $421.29 below its 52-week high ($699.54), which the company achieved on November 22nd.
Despite its losses, the stock outperformed some of its competitors Thursday, as Microsoft Corp. MSFT, -1.48% fell 1.48% to $237.50, Salesforce Inc. CRM, -2.24% fell 2.24% to $146.81, and SAP SE ADR SAP, -1.20% fell 1.20% to $80.48.true Trading volume (5.1 M) eclipsed its 50-day average volume of 3.7 M.