Stock Market Today: Nasdaq Sinks Below Key Level As War Stokes Volatility, Adobe Plunges (Live Coverage)

Market Overview - The Dow Jones Industrial Average rose by 0.9%, the S&P 500 increased by 0.7%, and the Nasdaq composite gained 0.5% following the release of key inflation and GDP data [1][1][1] - The 10-year Treasury yield decreased to 4.24%, while oil prices fell to approximately $93.45 per barrel [1][1][1] - Bitcoin's value climbed to around $73,000 [1] Inflation and GDP Data - The core personal consumption expenditures (PCE) price index increased by 0.4% month-over-month, with a year-over-year rise of 3.1% [1][1][1] - The second estimate for fourth-quarter GDP growth was reported at 0.7%, which is lower than the initial estimate of 1.4% [1][1][1] Company Performance - Adobe (ADBE) saw a significant decline of over 7% in premarket trading despite reporting adjusted earnings of $6.06 per share on sales of $6.4 billion, surpassing analyst expectations [1][1][1] - Amazon (AMZN) and Nvidia (NVDA) experienced slight increases of 0.5% and 1%, respectively, while Chevron (CVX) and Salesforce (CRM) saw declines of 0.3% and 0.5% [1][1][1] - Among Nasdaq 100 stocks, Strategy (MSTR) and Western Digital (WDC) rose approximately 4% and 5%, respectively, while Meta Platforms (META) and Fortinet (FTNT) fell nearly 3% and over 1% [1][1][1]