New York, NY – Stocks are poised to close out the week with gains despite a slight retreat on Thursday. The Dow and S&P 500 are both expected to finish the week up around 0.5%, while the Nasdaq Composite is set to add 0.3%.
After-hours trading saw notable movement in several stocks. Adobe shares dropped 9.7% after providing weak guidance for current-quarter revenue, overshadowing a better-than-expected quarterly report. Ulta Beauty saw a 5.7% decline as full-year earnings guidance fell short of expectations, despite beating forecasts in other areas. Specialty retailer Zumiez also lost 5% due to a soft outlook for the current quarter.
Stock futures for the Dow, S&P 500, and Nasdaq 100 were relatively unchanged late in the evening, hovering near flat levels shortly after 6 p.m. Eastern Time.
Overall, despite fluctuations in individual stocks, the broader market appears set to end the week positively. Investors will be watching closely for any developments that could impact market performance in the coming days.