On October 9, Adobe rose 3.03% in regular trading, trading at $239.325 per share, with turnover of $727 million. The move followed news that the U.S. Department of Labor suspended Adobe and several large IT services firms from participating in the permanent labor certification program, alongside continuing federal investigations.

The suspension, announced by Labor Secretary Keith Sanderlin, halts new applications under the program for companies including Microsoft, Adobe, Cognizant, Infosys, and others. Officials cited concerns over foreign worker hiring practices, noting that since 2009 these firms collectively filed applications for nearly 3 million foreign workers, receiving over 230,000 H-1B visa approvals. The administration framed the action as protecting American workers, while Microsoft defended its hiring practices in response.

Despite the regulatory headlines, Adobe shares traded higher while the broader AI software complex faced pressure earlier in the session from OpenAI's decision to pause training of its most advanced models. Adobe's own recent earnings showed record third-quarter results with revenue of $67.6 billion and AI-first annual recurring revenue growing 150% year-over-year to $650 million, though fourth-quarter guidance had previously disappointed some investors.

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