NASDAQ:INTU

Intuit QuickBooks Index flags small-business job losses as U.S. payrolls report nears
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Intuit Drops Again With TurboTax AI Questions Back in Focus

Intuit shares fell 3.8% to $307.93 midday Tuesday, underperforming tech peers after Mizuho cut its price target to $500 from $600. The drop followed weak TurboTax results, rising AI competition, and news of a 17% staff cut. Intuit raised its full-year revenue forecast but lowered its TurboTax outlook. The company expects up to $340 million in restructuring charges.
May 26, 2026

Stock Market Today

  • UK Shares Rise as BP Chair Steps Down Amid Governance Issues
    May 26, 2026, 12:37 PM EDT. UK equities edged higher with the FTSE 100 up 0.24% on Tuesday following the Spring Bank Holiday. Oil giant BP fell 4.03% after announcing the immediate resignation of Chair Albert Manifold due to board concerns over governance and conduct. Metlen Energy & Metals surged 6.46% after the European Commission approved its joint venture with Greece's Public Power Corp. Kingfisher shares rose 1.71%, buoyed by steady sales and confirmed profit guidance for Q1. The British Retail Consortium reported shop price inflation climbed to 1.2% in May, fueled by rising shipping and material costs amid Middle East tensions. Retailers warn that ongoing cost pressures could push prices higher, urging government action to reduce business expenses. Key UK economic data this week includes April's car production and May housing prices.