BABA - Tech Roundup: Adobe's outlook Apple's $3 trillion pursuit lead sector's busy week

Well, so much for the end of the year being nice and quiet thanks to the upcoming Christmas and New Year holidays. Several leading tech companies didn't want to just take it easy and run the calendar out, which is why the sector continued to drum up the interests of investors and keep Wall Street humming as 2021 comes to a close. Adobe (NASDAQ:ADBE) grabbed the spotlight when it gave an earnings and revenue forecast for next year that fell short of analysts' estimates, and led to speculation about the digital publishing and marketing giants growth prospects. And investors showed what they thought by driving Adobe's (ADBE) shares down more than 10% on Thursday. Adobe (ADBE) wasn't the only major software company to take a hit during the week. On Tuesday, Microsoft (NASDAQ:MSFT) saw its market cap slashed by $83 billion as fears grew about inflation and the Federal Reserve's

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Tech Roundup: Adobe's outlook, Apple's $3 trillion pursuit lead sector's busy week