5 stocks to watch on Friday: Adobe, Block, Boeing and more
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Inflation data will once again represent a key driver in Friday's trading, as investors digest the PCE figure from the personal income and spending report. Here are some stocks to watch on Friday:

Adobe's (NASDAQ:ADBE) planned $20B purchase of Figma is reportedly facing antitrust resistance from U.S. regulators. According to Bloomberg, the U.S. Justice Department is planning to file suit against ADBE's acquisition of the cloud-based web platform developer. ADBE dropped 4% in premarket action.

Despite a lower-than-expected Q4 adjusted EPS figure, Block (SQ) rose in premarket trading following the release of its quarterly results. This came as revenue exceeded expectations and the company gave an adjusted EBITDA forecast in line with projections. Shares of the fintech rose almost 7% before the opening bell.
Boeing (BA) lost ground in premarket action, sliding almost 3% after the airplane maker halted deliveries of 787 Dreamliner jets. "In reviewing certification records, Boeing discovered an analysis error by our supplier related to the 787 forward pressure bulkhead," the company explained in a statement.
The release of quarterly results spurred selling in Warner Bros. Discovery (WBD). Shares of the entertainment giant dropped almost 4% after the firm missed expectations with its Q4 revenue. The top-line total dropped 9% to $11B dips amid slower ad revenue. The company posted a loss of $2.1B, including restructuring costs.
Farfetch (FTCH) surged 8% in the wake of its quarterly results. The luxury fashion platform reported a Q4 loss that matched expectations, with revenue that fell by a less-than-expected 5.6%. The company also said its CFO, Elliot Jordan, will step down by the end of 2023. The firm has initiated a search for a successor.


For more on the overall market, see why Seeking Alpha contributor Richard Durant believes the reopening of China "may not provide the boost expected."