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Consumer sentiment falls, Adobe soars: Yahoo Finance

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University Of Michigan,Sam Stovall,Kevin Paffrath

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...

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 is a major winner today with shares soaring over 10% following better than expected fiscal second-quarter results.

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