Based in San Jose, California, Adobe Inc. provides software for creative professionals, consumers, and enterprises. The company is organized into two customer-focused business groups: Creative & Marketing Professionals and Business Professionals & Consumers. Adobe derives about 47% of its revenue from markets outside the U.S.

The newsflow for the coming week includes a possible peace deal in Iran and the Fed, which meets for the first under the chairmanship of Kevin Warsh. Wall Street is eagerly anticipating his press conference on Wednesday afternoon. It is also a short week, with markets closed on Friday for the Juneteenth holiday. Last week, the Dow Jones Industrial Average, the S&P 500, and the Nasdaq all rose 1%. Year to date, all three indices are in positive territory, with the DJIA up 7%, the S&P up 9%, and the Nasdaq up 11%. The earnings calendar is quiet as we are between reporting seasons, and the economic calendar is equally light. In addition to the Federal Reserve meeting, new data on Retail Sales will be released on Wednesday. Turning to economic forecasts, gas prices remain elevated, but did drop 16 cents last week and are now at an average of $4.15 per gallon for regular gas. The Atlanta Fed GDPNow forecasts 3.3% GDP growth for 2Q, higher than the last reading of 3.0%. The Cleveland Fed Inflation Nowcast calls for CPI of 4.1% for June, a slight step-down from the 4.2% print for May. Mortgage rates edged up four basis points last week, with the average 30-year fixed-rate mortgage now at 6.52%, according to FreddieMac. As noted, the next Federal Open Market Committee (FOMC) meeting is on Wednesday, and odds are at 3% for a rate cut. After that, there will be meetings on July 29 and September 16. Taking a deeper dive into performance so far in 2026, a leading industrialized global stock market index, the ETF EFA, is up 9% year to date. The leading emerging market ETF (EEM) is up 24% year to date. Meanwhile, U.S. growth stocks are up 2% when looking at ETF IWF, while value stocks (IWD) are up 14%. Crude oil prices remain volatile. On Friday, crude clocked in at $84 per barrel, still up 45% for the year. In other asset classes, AGG bonds are down 1% year to date, gold is down 3%, and Bitcoin is down 27%. The U.S. dollar is up 2%, tracking DXY. The VIX Volatility Index was at about 18 on Friday, below its historical average of 20.

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).