🔴 ADBE is trading 5.6% down today amid broader tech sector pressure and geopolitical tensions

ADBE is trading at $241.70 (-5.56%) as of 9:31 AM EST, caught in a broader market downturn despite a lack of company-specific news.

• Tech sector sentiment is under pressure following after-hours drops from IBM and ServiceNow, coupled with oil prices rising above $102.
• Geopolitical tensions in the Strait of Hormuz are weighing on enterprise spending sentiment, with the NASDAQ down 0.35% and the S&P 500 down 0.20%.