US Stocks Rebound Slightly as Software Shares Recover
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2026
0mins
Source: NASDAQ.COM
- Market Rebound: The S&P 500 index rose by 0.17%, the Dow Jones Industrial Average increased by 0.64%, and the Nasdaq 100 index climbed by 0.47%, indicating a recovery after Monday's sharp declines, reflecting renewed investor confidence in software companies.
- Trade Uncertainty: President Trump's new 10% global tariffs took effect today, and concerns about a potential increase to 15% amid Supreme Court rulings may negatively impact the stock market, particularly with rising geopolitical risks.
- Home Price Index Growth: The US December S&P Composite-20 home price index rose 0.47% month-over-month and 1.38% year-over-year, surpassing expectations, suggesting resilience in the housing market that could support economic recovery and influence investor sentiment.
- Corporate Earnings Optimism: Over 80% of S&P 500 companies have reported earnings, with 74% exceeding expectations, and Q4 earnings growth is projected at 8.4%, indicating strong corporate performance that may drive further stock market gains.
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Analyst Views on INTU
Wall Street analysts forecast INTU stock price to rise
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 383.930
Low
700.00
Averages
814.59
High
880.00
Current: 383.930
Low
700.00
Averages
814.59
High
880.00
About INTU
Intuit Inc. offers a financial technology platform that helps consumers and small and mid-market businesses prosper by delivering financial management, compliance, and marketing products and services. It also provides specialized tax products to accounting professionals. It helps small and mid-market businesses grow and run their business all in one place, including bookkeeping, getting paid, accessing capital, paying employees, getting and retaining customers, and managing their customer relationships. The Company's offerings include TTurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite. Lacerte, ProSeries, and ProConnect Tax Online are its tax preparation offerings for professional accountants. Its financial management includes payments and capital, compliance, human capital management, and marketing products and services. For accounting professionals, the Company provides professional tax and financial management products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Intuit Q3 Earnings: AI-Driven Growth Amid Workforce Cuts
- Strong Financial Performance: Intuit reported Q3 revenue of $8.6 billion, a 10% increase year-over-year, with GAAP operating income rising to $4 billion, indicating significant progress in its AI-driven platform strategy despite price pressures in the DIY segment.
- TurboTax Live Growth Expectations: The company anticipates a 38% increase in TurboTax Live customers and a 36% rise in revenue, which will account for over half of TurboTax's total revenue, highlighting robust demand in the premium market segment.
- Workforce Reduction and Restructuring: Intuit announced a 17% reduction in its full-time workforce to simplify its organizational structure, aiming to enhance operational efficiency, although this may have short-term negative impacts on employee morale, it is expected to improve long-term agility.
- Upward Revision of Annual Guidance: The company raised its full-year revenue guidance to between $21.341 billion and $21.374 billion, with non-GAAP earnings per share projected at $23.80 to $23.85, reflecting management's confidence in future growth prospects.
See More
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- Manufacturing Expansion: The May S&P manufacturing PMI unexpectedly rose by 0.8 to 55.3, surpassing expectations of 53.8, marking the strongest pace of expansion in four years, which could drive investment and growth in related sectors.
- Oil Price Volatility: WTI crude oil prices retreated after an initial 4% gain, influenced by market reactions to the situation in Iran, highlighting the uncertainty in the energy market that may impact the overall economy.
- Corporate Earnings Performance: So far, 83% of the 466 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to climb 12% year-over-year, providing support for the stock market despite a slowdown in the tech sector.
See More
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- Oil Price Surge Impacts Market: The S&P 500 index fell 0.35%, the Dow Jones Industrial Average dropped 0.11%, and the Nasdaq 100 index decreased 0.51% as crude oil prices rose over 2% due to tensions between the US and Iran, indicating market concerns over potential energy supply disruptions.
- Mixed Economic Data: Initial US weekly unemployment claims fell by 3,000 to 209,000, close to expectations, while the May Philadelphia Fed business outlook survey unexpectedly dropped to -0.4, reflecting uncertainty in economic recovery that could affect investor confidence.
- Weak Performance in Tech Stocks: Nvidia's earnings beat expectations but its stock fell over 1% amid rising competition, and Intuit plummeted more than 19% due to revenue falling short of forecasts, highlighting challenges within the tech sector.
- International Market Volatility: Overseas markets showed mixed results, with the Euro Stoxx 50 down 0.02%, China's Shanghai Composite falling 2.04%, while Japan's Nikkei index rose 3.14%, reflecting global economic uncertainty and divergent investor sentiment.
See More
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- Rare Earth Rebound: Rare earth stocks extended their rebound amid concerns over export restrictions from China, with USA Rare Earth rising 7% after securing $19.3 million in funding from the Department of Energy for rare earth separation development, and Critical Metals gaining 3% after signing a 15-year offtake agreement with Greenland's Tanbreez, reflecting robust demand for rare earth resources.
- Spotify's Strong Outlook: Spotify provided a strong growth forecast at its first investor day since 2022, expecting revenue to grow at a compound annual growth rate in the mid-teens and aiming for 1 billion subscribers, leading to a 14% rise in shares, showcasing optimistic market sentiment regarding its long-term growth potential.
- Walmart's Disappointing Outlook: Walmart's shares fell nearly 7% after issuing a disappointing outlook, expecting adjusted earnings per share between $2.75 and $2.85, below the $2.91 expected by the market, despite meeting first-quarter adjusted EPS expectations, which may undermine investor confidence.
See More
U.S. Stocks Decline as Oil Prices Surge Above $100
- Oil Price Impact: U.S. oil prices surged above $100 a barrel, leading to a decline in stocks as investor concerns about inflation reignited, particularly after optimism faded regarding an Iran peace deal.
- Nvidia's Bullish Outlook: Jim Cramer views Nvidia's modest post-earnings pullback as a buying opportunity, suggesting investors gradually build positions despite market volatility driven by rising oil prices.
- Arm Holdings Surge: Following Nvidia's earnings call, Arm Holdings' stock jumped nearly 9%, extending its weekly rally to 35%, with projected CPU-related revenue of about $20 billion this year, solidifying its market position.
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See More
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- Strong Performance: Intuit's Q3 results surpassed revenue and earnings estimates, indicating robust financial growth that is likely to enhance investor confidence moving forward.
- Data and AI as Growth Drivers: CEO Sasan Goodarzi emphasized that the company's capabilities in data and artificial intelligence are key factors behind its performance, highlighting the significance of technological innovation in its strategic framework.
- Positive Market Reaction: The strong results are expected to positively impact Intuit's stock price, potentially attracting more investor interest and further increasing the company's market capitalization.
- Optimistic Future Outlook: The success in financial performance lays a solid foundation for future growth, with expectations to continue leveraging data and AI technologies to enhance product competitiveness and market share.
See More
Intuit Q3 Earnings: AI-Driven Growth Amid Workforce Cuts
- Strong Financial Performance: Intuit reported Q3 revenue of $8.6 billion, a 10% increase year-over-year, with GAAP operating income rising to $4 billion, indicating significant progress in its AI-driven platform strategy despite price pressures in the DIY segment.
- TurboTax Live Growth Expectations: The company anticipates a 38% increase in TurboTax Live customers and a 36% rise in revenue, which will account for over half of TurboTax's total revenue, highlighting robust demand in the premium market segment.
- Workforce Reduction and Restructuring: Intuit announced a 17% reduction in its full-time workforce to simplify its organizational structure, aiming to enhance operational efficiency, although this may have short-term negative impacts on employee morale, it is expected to improve long-term agility.
- Upward Revision of Annual Guidance: The company raised its full-year revenue guidance to between $21.341 billion and $21.374 billion, with non-GAAP earnings per share projected at $23.80 to $23.85, reflecting management's confidence in future growth prospects.
See More
US Stocks Edge Up as Economic Data Shows Stability
- Economic Stability: US weekly initial unemployment claims fell by 3,000 to 209,000, close to the expected 210,000, indicating stability in the labor market and boosting investor confidence in economic recovery.
- Manufacturing Expansion: The May S&P manufacturing PMI unexpectedly rose by 0.8 to 55.3, surpassing expectations of 53.8, marking the strongest pace of expansion in four years, which could drive investment and growth in related sectors.
- Oil Price Volatility: WTI crude oil prices retreated after an initial 4% gain, influenced by market reactions to the situation in Iran, highlighting the uncertainty in the energy market that may impact the overall economy.
- Corporate Earnings Performance: So far, 83% of the 466 S&P 500 companies have beaten earnings estimates, with Q1 earnings projected to climb 12% year-over-year, providing support for the stock market despite a slowdown in the tech sector.
See More
US Stock Market Pressured by Rising Oil Prices Amid Iran Tensions
- Oil Price Surge Impacts Market: The S&P 500 index fell 0.35%, the Dow Jones Industrial Average dropped 0.11%, and the Nasdaq 100 index decreased 0.51% as crude oil prices rose over 2% due to tensions between the US and Iran, indicating market concerns over potential energy supply disruptions.
- Mixed Economic Data: Initial US weekly unemployment claims fell by 3,000 to 209,000, close to expectations, while the May Philadelphia Fed business outlook survey unexpectedly dropped to -0.4, reflecting uncertainty in economic recovery that could affect investor confidence.
- Weak Performance in Tech Stocks: Nvidia's earnings beat expectations but its stock fell over 1% amid rising competition, and Intuit plummeted more than 19% due to revenue falling short of forecasts, highlighting challenges within the tech sector.
- International Market Volatility: Overseas markets showed mixed results, with the Euro Stoxx 50 down 0.02%, China's Shanghai Composite falling 2.04%, while Japan's Nikkei index rose 3.14%, reflecting global economic uncertainty and divergent investor sentiment.
See More
Quantum Computing Stocks Surge on $2 Billion Grants Report
- Quantum Stock Surge: Shares of quantum computing companies soared following a Wall Street Journal report that the government plans to award $2 billion in grants to nine firms, with Rigetti Computing jumping over 30%, D-Wave Quantum rising 22%, and Quantum Computing increasing 13%, indicating strong market confidence in the future of quantum technology.
- Rare Earth Rebound: Rare earth stocks extended their rebound amid concerns over export restrictions from China, with USA Rare Earth rising 7% after securing $19.3 million in funding from the Department of Energy for rare earth separation development, and Critical Metals gaining 3% after signing a 15-year offtake agreement with Greenland's Tanbreez, reflecting robust demand for rare earth resources.
- Spotify's Strong Outlook: Spotify provided a strong growth forecast at its first investor day since 2022, expecting revenue to grow at a compound annual growth rate in the mid-teens and aiming for 1 billion subscribers, leading to a 14% rise in shares, showcasing optimistic market sentiment regarding its long-term growth potential.
- Walmart's Disappointing Outlook: Walmart's shares fell nearly 7% after issuing a disappointing outlook, expecting adjusted earnings per share between $2.75 and $2.85, below the $2.91 expected by the market, despite meeting first-quarter adjusted EPS expectations, which may undermine investor confidence.
See More
U.S. Stocks Decline as Oil Prices Surge Above $100
- Oil Price Impact: U.S. oil prices surged above $100 a barrel, leading to a decline in stocks as investor concerns about inflation reignited, particularly after optimism faded regarding an Iran peace deal.
- Nvidia's Bullish Outlook: Jim Cramer views Nvidia's modest post-earnings pullback as a buying opportunity, suggesting investors gradually build positions despite market volatility driven by rising oil prices.
- Arm Holdings Surge: Following Nvidia's earnings call, Arm Holdings' stock jumped nearly 9%, extending its weekly rally to 35%, with projected CPU-related revenue of about $20 billion this year, solidifying its market position.
- FedEx Rating Upgrade: Citi reinstated FedEx with a buy rating and a $443 price target, highlighting its potential for market share growth and improved profitability, with Jim Cramer suggesting a 30% upside from current levels.
See More
Intuit Reports Strong Q3 Results Exceeding Expectations
- Strong Performance: Intuit's Q3 results surpassed revenue and earnings estimates, indicating robust financial growth that is likely to enhance investor confidence moving forward.
- Data and AI as Growth Drivers: CEO Sasan Goodarzi emphasized that the company's capabilities in data and artificial intelligence are key factors behind its performance, highlighting the significance of technological innovation in its strategic framework.
- Positive Market Reaction: The strong results are expected to positively impact Intuit's stock price, potentially attracting more investor interest and further increasing the company's market capitalization.
- Optimistic Future Outlook: The success in financial performance lays a solid foundation for future growth, with expectations to continue leveraging data and AI technologies to enhance product competitiveness and market share.
See More
