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Contracts on the tech-heavy Nasdaq 100  fell almost 0.3% to lead the way lower.A downbeat revenue forecast from Adobe  helped dampen the mood, revealing the Photoshop maker's struggle for a payoff from its AI investments. Shares in the software maker sank nearly 10% in pre-market.Investors are set to get the next piece of the inflation puzzle — an update on wholesale prices — after the latest consumer inflation data invigorated stocks on Wednesday, lifting the Nasdaq Composite  above 20,000 for the first time.Elsewhere in central banks, the Swiss National Bank unexpectedly lowered its key rate by 0.5%, its biggest cut in almost 10 years. 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Scientists have shot down that whole put-enough-monkeys-in-front-of-a-typewriter-and-they-will-eventually-produce-Shakespeare theory, but a corollary is that if you gather enough strategists on Wall Street then one of them is bound to predict that the stock market will fall.Finally, that call is here, courtesy of Stifel's Barry Bannister, and he doesn't monkey around in forecasting the S&P 500 index SPX will correct all the way down to the middle-5000s in the second half of 2025.That's hardly outrageous -- at 5,500, that would represent a 10% decline from current levels, but all the other Wall Street targets for next year are in the 6000s and higher.And this forecasted lack of Fed action comes against the backdrop of ebullient markets. He says the S&P 500, and growth vs. value, are both at three-generation highs and euphoric levels.Stock index futures   were leaning lower early Thursd","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU2360032135.SGD","US7Y.BOND","LU1244550494.USD","SG9999000418.SGD","LU2023250843.SGD","LU1244550577.SGD","LU0320765059.SGD","SPXU","IE00BYV24P56.USD","US30Y.BOND","SPY","LU0127658192.USD","UPRO","VOO","LU0006306889.USD","IE00BKPKM429.USD","OEF","SG9999015945.SGD","LU1670710661.SGD","SSO","LU0157215616.USD","ADBE","LU0979878070.USD","US12M.BOND","ESmain","OEX","US10Y.BOND","SH","LU1037948541.HKD","LU2237957902.USD","LU2272731865.HKD","LU2473716301.USD","LU1548497426.USD","US6M.BOND","BK4534","LU1935043023.USD","US2Y.BOND","LU1934455194.USD","COST","BK4596","LU0965508806.USD","LU2430703251.USD","SG9999002232.USD","US5Y.BOND",".SPX","US3Y.BOND","SDS","LU0203345920.USD","IVV","AVGO"],"gpt_icon":1},{"id":"2490809047","title":"Adobe Inc : Oppenheimer Cuts Target Price to $600 From $625","url":"https://stock-news.laohu8.com/highlight/detail?id=2490809047","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490809047?lang=en_us&edition=fundamental","pubTime":"2024-12-12 19:33","pubTimestamp":1734003226,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"d18853b5542f0fbbe62ce57dc4bc1f3b","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241212:nFWN3ND0UZ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["LU1815333072.USD","LU2237438978.USD","LU1674673428.USD","LU2210149790.SGD","BK4533","LU0708995401.HKD","LU1267930730.SGD","LU0170899867.USD","LU0109391861.USD","LU0672654240.SGD","LU1366333091.USD","BK4567","BK4554","LU2236285917.USD","LU2458330169.SGD","LU0158827948.USD","LU0861579265.USD","LU0942090050.USD","LU1674673691.USD","LU0719512351.SGD","LU2125154778.USD","BK4566","LU0868494708.USD","LU0965509101.SGD","LU0889566641.SGD","ADBE","LU0069063385.USD","LU2089283258.USD","LU0234572021.USD","BK4534","LU1623119135.USD","LU2023251221.USD","LU0868494617.USD","LU0965509283.SGD","LU2360032135.SGD","IE00B19Z9505.USD","LU1548497426.USD","SGXZ99366536.SGD","LU0348723411.USD","SGXZ81514606.USD","LU0234570918.USD","LU0057025933.USD","LU0965509010.AUD","LU0511384066.AUD","LU1712237335.SGD","SG9999001424.SGD","LU0006306889.USD","BK4585","BK4588","LU1720051017.SGD"],"gpt_icon":0},{"id":"2490183809","title":"Adobe falls as annual revenue forecast triggers concerns on delayed AI returns","url":"https://stock-news.laohu8.com/highlight/detail?id=2490183809","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2490183809?lang=en_us&edition=fundamental","pubTime":"2024-12-12 19:22","pubTimestamp":1734002553,"startTime":"0","endTime":"0","summary":"Adobe falls as annual revenue forecast triggers concerns on delayed AI returnsBy Siddarth S Dec 12 (Reuters) - 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The company reported net n...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/adobe-price-target-lowered-to-645-from-675-at-barclays?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/adobe-price-target-lowered-to-645-from-675-at-barclays?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["ADBE"],"gpt_icon":0},{"id":"2490080595","title":"Adobe Inc : Bernstein Cuts Target Price to $587 From $644","url":"https://stock-news.laohu8.com/highlight/detail?id=2490080595","media":"THOMSON 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