S&P 500 Index futures were little changed as of 7:53 a.m. New York time as investors rotate out of the high-flying momentum stocks that powered last quarter’s rally.

VSCO, the photography platform best known for its popular image filters, is introducing a more advanced iOS app and an all-in-one subscription plan, moves that put it in direct competition with Adobe Inc. and other brands offering professional-grade creative software.

It was 180 degrees off the hot trade on Wall Street.

On this episode of Stock Movers with Alexis Christoforous: - Adobe (ADBE) shares are on the move as the company reports today. It fell in premarket trading on Friday after the software maker said that CFO Dan Durn would be departing the company June 15. The news comes after the CEO announced he would resign earlier this year. - Lennar (LEN) shares are lower after its forecasts for new orders and deliveries trailed expectations, and as CEO Stuart Miller said the latest quarter was “defined by the same stubborn headwinds that have challenged the housing market for the past several years.”  - SpaceX (SPCX) shares are pricing as it debuts today on the NASDAQ. Space stocks are up amid the IPO, including Rocket Labs (RKLB), EchoStar (SATS) and Redwire (RDW). (Source: Bloomberg)

Adobe Inc. shares fell by the most in 15 months after the company said its chief financial officer would depart, leaving a leadership vacuum following Chief Executive Officer Shantanu Narayen  announced his resignation earlier this year.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Adobe Inc. is eyeing two internal leaders in its quest for a new chief executive officer and has hired a well-known search firm to find external candidates who could be suited to running the company in the AI era.

Hyperscalers’ capex boom is closely watched as the ultimate barometer of how long the AI cycle lasts. Nvidia’s earnings show demand broadening and rising faster elsewhere, reducing chipmakers’ overdependence on mega-cap tech. Ivan Feinseth, CIO at Tigress Financial, recaps Nvidia earnings and discusses his outlook on the broader sector as some big tech IPOs loom. (Source: Bloomberg)

Apple Inc.’s two-year-old partnership with OpenAI has become strained, according to people familiar with the matter, with the AI startup failing to see the expected benefits from the deal and now preparing possible legal action.  Anurag Rana, Bloomberg Intelligence Technology Analyst, joins to discuss. (Source: Bloomberg)

S&P 500 Index futures rise 0.5% as of 7:50 a.m. in New York the morning after President Donald Trump extended a ceasefire with Iran.

Adobe is launching a new agentic platform targeting business-to-business and consumers that, in addition to working closely with model providers OpenAI and Anthropic, can ease concern about disruption to its business. The company is partnering with tech giants Amazon, Anthropic, Google, Nvidia, OpenAI, and more to build what it calls the broadest agentic AI ecosystem in the industry. Anil Chakravarthy, Adobe Customer Experience Orchestration Business President, joins Bloomberg Businessweek Daily from the Adobe Summit 2026 in Las Vegas to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

Adobe Inc. will buy back as much as $25 billion of its stock following a steady decline for more than two years over investor concerns that artificial intelligence will disrupt the company’s business.

Adobe Inc. will pay about $150 million to settle a complaint from US regulators that the creative software company made it too difficult for consumers to cancel their subscriptions.

Adobe Inc. Chief Executive Officer Shantanu Narayen will resign from his position atop the creative software giant amid deep skepticism about the company’s ability to thrive in the AI era.

Gil Luria, D.A. Davidson technology research head, says Adobe investors will be in limbo until a successor to departing CEO Shantanu Narayen can be found. Speaking on "Bloomberg The Close," Luria also says the next CEO has a tough task ahead. (Source: Bloomberg)

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. (Source: Bloomberg)

Adobe Inc. ramped up its advertising in 2025, spending $1.4 billion to promote its brand in the face of steep competition and skepticism from Wall Street that the company is a loser in the age of AI.

Concern that Adobe Inc. will struggle in the artificial-intelligence era has driven Wall Street analysts’ view on the maker of software for creative professionals to its most pessimistic in more than a dozen years.

Concern that Adobe Inc. will struggle in the artificial-intelligence era has driven Wall Street analysts’ view on the maker of software for creative professionals to its most pessimistic in more than a dozen years.

Adobe Inc. delivered an upbeat annual forecast but still drew a lukewarm reaction from investors, who have been seeking clearer signs that the software maker can thrive in an era of artificial intelligence.