Adobe, MetLife, Oxford Industries, and More [Video]

Major U.S. indexes were little changed and slightly lower at midday Thursday following a report showing wholesale inflation grew more than expected in November. The Dow, S&P 500, and Nasdaq all slid. 

Adobe (ADBE) shares slumped after the software maker gave a weaker-than-expected outlook, raising concerns that the benefits from artificial intelligence (AI) demand may be delayed.

Shares of Oxford Industries (OXM) sank after the parent of Tommy Bahama, Lilly Pulitzer, and Johnny Was apparel brands posted an unexpected loss and slashed its guidance as hurricanes and inflation reduced sales.

Shares of Nucor (NUE), Steel Dynamics (STLD), and Commercial Metals (CMC) tumbled after UBS cut its rating on all three of the steel makers.

MetLife (MET) shares gained after the insurance provider introduced a new five-year strategic plan aimed at boosting profit and return on equity, lowering costs, and increasing free cash flow.

Shares of …