These 2 Tech Stocks Are Shooting Higher Thursday
Stocks have been volatile this week, with all the uncertainty surrounding the global banking system having a significant impact on investor sentiment. From hour to hour, markets have been swinging wildly, and that was the case Thursday morning. After having spent much of the overnight period in positive territory, futures contracts on the S&P 500 (SNPINDEX: ^GSPC) moved lower as of 8:30 a.m. ET.
Technology stocks have been hit hard during the bear market over the past year, but investors have increasingly looked for signs that the worst could be over for the hard-hit sector. Positive financial reports from promising tech stocks haven't always gotten a favorable reception from investors, but that wasn't the case on Thursday, as shareholders reacted favorably to good news from Adobe (NASDAQ: ADBE) and UiPath (NYSE: PATH). Read on to learn more about these two companies and how they were able to make their investors so pleased.
Shares of Adobe rose more than 5% in premarket trading Thursday morning. The creative software giant reported fiscal first-quarter financial results for the period ending March 3 that gave investors a lot of confidence in where the company is headed.
Source Fool.com
