Consumer sentiment falls, Adobe soars: Yahoo Finance

A lower-than-expected consumer sentiment reading is weighing on stocks. The University of Michigan report showed a reading of 65.6, much lower than the 72 economists had expected, coming in at the lowest level in seven months. The report helped push the major indices back from recent highs. Adobe (ADBE) is a major winner today with shares soaring over 10% following better than expected fiscal second-quarter results. Yahoo Finance trending tickers include Netflix (NFLX), Carnival Corporation (CCL), and Shopify (SHOP).

Key guests include:

3 p.m. ET – Sam Stovall, CFRA Research Chief Investment Strategist

3:15 p.m. ET – Kevin Paffrath, Financial Analyst & YouTuber “Meet Kevin”

3:30 p.m. ET – Ann Berry, Threadneedle Ventures Founder

4 p.m. ET – Ryan Detrick, Carson Group Chief Market Strategist