Adobe Stock Drops 5.4% Despite Beating Sales and Profit Forecasts

• US stock markets showed mixed results, with the Dow Jones edging higher while the Nasdaq slipped amid fluctuating investor sentiment. • Market volatility was driven by a surge in AI-related stocks like Nvidia and AMD, contrasted by crashes in major firms including Amazon, Microsoft, and Adobe.

• Global markets are showing mixed results as investors exercise caution ahead of upcoming earnings reports from major U.S. technology companies. • Wall Street futures have dipped into the red, offsetting strong gains seen across major North American markets during the previous trading session.

• U.S. stock markets opened with mixed results on Wednesday, July 22, 2026, with the Dow Jones posting minor gains while the NASDAQ and S&P 500 declined. • The market downturn was driven by rising oil prices and escalating geopolitical tensions, which countered investor optimism.

• The iShares MSCI Hong Kong ETF (EWH) climbed above its critical 200-day moving average of $22.52 on Wednesday, July 22, 2026. • The ETF reached a session high of $22.55 and saw an overall gain of approximately 1%, closing most recently at $22.54.

• The KOSPI index closed at 6,797.70, marking an increase of 49.75 points or 0.74% in the most recent trading session. • This upward movement reflects positive momentum in the South Korean equity market, providing a snapshot of current investor sentiment.

• Japanese Finance Minister Satsuki Katayama announced on Wednesday that the government is prepared to take "decisive action" in the foreign-exchange markets if necessary. • While signaling readiness to intervene, Katayama declined to specify the exact currency levels or exchange rates that would trigger such a move.

• Over 40 companies, including Nestle India, Adani Green Energy, and IndusInd Bank, are reporting their Q1 FY27 earnings on July 22, 2026. • Key financial highlights include Eternal logging a ₹92 crore profit, while Adani Power, Adani Green, and SRF saw increases in Profit After Tax (PAT).

• Chinese AI lab Moonshot AI plans to begin discussions in August for a final round of pre-IPO fundraising, targeting a valuation of up to US$50 billion. • The company is currently finalizing a separate financing round that began in summer 2024, which values the firm at approximately US$31.5 billion.

• US stock markets closed with mixed results, as the Nasdaq declined due to weakness in software stocks despite gains in the semiconductor sector. • Investors maintained a cautious stance in anticipation of upcoming quarterly earnings reports from major companies, specifically Alphabet and Tesla Inc.

• The KOSPI index briefly touched the 7,000 mark during intraday trading on the 22nd, driven by strong foreign buying, before closing at 6,797.70. • Despite the intraday peak, the market ended the day up 49.75 points (0.74%) as retail and institutional investors engaged in profit-taking.

• Goldman Sachs has launched a new private markets platform designed to expand investment offerings for its affluent client base. • The initiative responds to growing investor demand for exposure to high-growth startups and privately held companies.

• The Nasdaq and S&P 500 rose on July 21, 2026, driven by strong corporate earnings reports that lifted overall market sentiment. • Key corporate drivers included General Motors beating second-quarter expectations and Nvidia disclosing a strategic stake in Nebius.