{"id":59736,"date":"2026-03-13T08:38:19","date_gmt":"2026-03-13T12:38:19","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-futures-turn-positive-as-adobe-plunges-on-ceo-exit-geopolitical-tensions-ease\/59736\/"},"modified":"2026-03-13T08:38:19","modified_gmt":"2026-03-13T12:38:19","slug":"us-futures-turn-positive-as-adobe-plunges-on-ceo-exit-geopolitical-tensions-ease","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-futures-turn-positive-as-adobe-plunges-on-ceo-exit-geopolitical-tensions-ease\/59736\/","title":{"rendered":"US Futures Turn Positive as Adobe Plunges on CEO Exit; Geopolitical Tensions Ease"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. stock index futures turned positive<\/strong> on Friday morning, with the <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (ES)<\/strong> and <strong>Nasdaq 100 (NQ)<\/strong> rising <strong>0.4% to 0.5%<\/strong> while the <strong>Russell 2000 (RTY)<\/strong> climbed <strong>0.8%<\/strong>.<\/li>\n<li><strong>Adobe (<a href=\"\/stock\/ADBE\">ADBE<\/a>) shares plummeted 7.5%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> following the surprise announcement that long-time <strong>CEO Shantanu Narayen<\/strong> will step down.<\/li>\n<li><strong>US Trade Representative Greer<\/strong> signaled that the economic impact of the <strong>Iran conflict<\/strong> should be <strong>&quot;short-lived&quot;<\/strong> and is expected to last only a matter of <strong>&quot;weeks.&quot;<\/strong><\/li>\n<li><strong>Ulta Beauty (<a href=\"\/stock\/ULTA\">ULTA<\/a>)<\/strong> and <strong>SentinelOne (<a href=\"\/stock\/S\">S<\/a>)<\/strong> saw significant declines of <strong>7.5%<\/strong> and <strong>3.5%<\/strong> respectively due to weak earnings and disappointing profit guidance.<\/li>\n<li><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> delayed the release of its next-generation frontier AI model, <strong>&quot;Avocado,&quot;<\/strong> as the <strong>EU Council<\/strong> moved to streamline regional AI regulations.<\/li>\n<\/ul>\n<h2>Market Sentiment Rebounds Despite Corporate Headwinds<\/h2>\n<p>U.S. equity futures staged a recovery on Friday, reversing earlier caution to trade in positive territory. <strong>Nasdaq 100 futures<\/strong> hit session highs of <strong>0.4%<\/strong> before extending gains to <strong>0.5%<\/strong>, while small-cap stocks showed the most strength with an <strong>0.8%<\/strong> jump in <strong>RTY<\/strong> futures.<\/p>\n<p>The positive momentum comes despite a sharp sell-off in Adobe (<a href=\"\/stock\/ADBE\">ADBE<\/a>), which saw its stock price drop <strong>7.5%<\/strong> after the company confirmed <strong>CEO Shantanu Narayen<\/strong> is leaving his post. <em>Investors are reacting to the leadership uncertainty at a time when the software giant is navigating intense competition in the generative AI space.<\/em><\/p>\n<h2>Mixed Earnings and AI Delays<\/h2>\n<p>Consumer and tech sectors faced additional pressure from disappointing corporate updates. Ulta Beauty (<a href=\"\/stock\/ULTA\">ULTA<\/a>) fell <strong>7.5%<\/strong> after reporting <strong>light top and bottom-line results<\/strong>, suggesting a cooling in beauty spending. Cybersecurity firm SentinelOne (<a href=\"\/stock\/S\">S<\/a>) also slid <strong>3.5%<\/strong> following a <strong>weak profit guide<\/strong> for the upcoming quarter.<\/p>\n<p>In the artificial intelligence sector, Meta Platforms (<a href=\"\/stock\/META\">META<\/a>) shares dipped <strong>1%<\/strong> after the company <strong>delayed its &quot;Avocado&quot; frontier AI model<\/strong>. Simultaneously, the <strong>EU Council<\/strong> announced a new agreement to <strong>streamline AI rules<\/strong>, a move intended to harmonize regulations across the member states as the technology evolves rapidly.<\/p>\n<h2>Geopolitical Outlook: Iran Conflict and China Relations<\/h2>\n<p>US Trade Representative <strong>Greer<\/strong> provided a stabilizing outlook on Middle Eastern tensions, stating that the <strong>Iran war<\/strong> is expected to be a matter of <strong>&quot;weeks&quot;<\/strong> rather than a prolonged conflict. Greer noted that while <strong>China relies on oil from Iran<\/strong>, the current hostilities have not significantly altered the broader <strong>US-China economic relationship<\/strong>.<\/p>\n<p>A primary concern for the U.S. remains the stability of the <strong>manufacturing base<\/strong>, with Greer emphasizing the need to ensure the continued flow of <strong>rare earth elements<\/strong> from China. <em>The administration appears focused on maintaining a stable trade relationship with Beijing despite the regional volatility.<\/em><\/p>\n<h2>Nuclear Safety and Diplomatic Efforts<\/h2>\n<p>On the nuclear front, Russia\u2019s <strong>Rosatom<\/strong> head reported that <strong>no changes in radiation levels<\/strong> have been recorded following recent strikes on Iranian nuclear facilities. This report comes as <strong>IAEA Chief Rafael Grossi<\/strong> attempts to resume talks aimed at a <strong>long-term nuclear solution<\/strong> and a potential new deal between the U.S. and Iran.<\/p>\n<p>While Russia currently reports <strong>no contact with Iranian nuclear officials<\/strong>, the IAEA is actively trying to broker a diplomatic path forward. <em>The lack of immediate environmental impact from the strikes has provided some relief to global energy and commodity markets.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. stock index futures turned positive on Friday morning, with the S&amp;P 500 (ES) and Nasdaq 100 (NQ) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[309,5191,1615,6787,3703,3741,4315,4612,4613,4615,4664,4824],"class_list":["post-59736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-adbe","tag-rare-earths","tag-ulta","tag-us-stocks","tag-ai","tag-meta","tag-s","tag-es","tag-nq","tag-rty","tag-iran","tag-geopolitics"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=59736"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=59736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=59736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=59736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}