New Day Market: Adobe, Darden and Winnebego earnings reports

Stocks fell on Thursday, especially tech stocks, after central banks in the US and Europe signaled different approaches to fighting inflation while trying to help their economies. post-pandemic recovery.

The US Federal Reserve on Wednesday decided to keep interest rates steady but accelerated efforts to ease monthly bond purchases in the spring, which should clear the way for three rate hikes next year.

Meanwhile, the Bank of England said on Thursday it would raise interest rates and the European Central Bank said it would phase out bond buying but ramp up other stimulus efforts.

Many wonder if the so-called "Christmas rally" can sustain itself following a rapid turnaround by policymakers to rein in inflation even as a new variant of the coronavirus threatens spending. tourism and business.

The Omicron variant has raised worries that the economic recovery could be abruptly reversed, although vaccines and drugs have shown some effectiveness in stopping the disease from getting worse.

On Thursday, data showed new jobless claims rose slightly last week, though still well below the peak of the pandemic.

Homebuilder Lennar Corporation (NYSE:LEN) shares fell after reporting higher lumber costs and supply chain problems.

Here are three things that could affect the market today:

1. Adobe stock plunges

Adobe Systems Incorporated (NASDAQ:ADBE) stock fell 9% on Thursday after the company's 2022 revenue forecast fell short of expectations.

The design software maker expects revenue to hit $17.9 billion in the ongoing financial year, up more than 13% year-over-year but a lot slower than the 23% rate. of the year 2021.

According to Bloomberg estimates, the company is expected to peg its annual forecast at $18.2 billion.

2. Darden . Income Statement

Darden Restaurants Inc (NYSE:DRI) will report its second-quarter numbers on Friday. The food chain is expected to report earnings per share of $1.44 and revenue of $2.23 billion.