Stock Market Update

[BRIEFING.COM] The major averages remain in a stable range near their baselines at midday.

Intuit (INTU 339.63, -17.83, -4.99%)  is one of the worst-performing S&P 500 names today despite a strong Q4 (Jul) earnings report and a 15% dividend increase, as investors focus on softer-than-expected Q1 (Oct) and FY27 guidance. Revenue rose a healthy 13.7% year-over-year to $4.35 billion, topping expectations, while management outlined a deliberate shift toward accelerating customer acquisition and market share growth. The initial FY27 outlook calls for revenue growth of +9-10%, down from +13.9% in FY26, although the guidance is less concerning when accounting for a significant change in non-GAAP reporting that will now include share-based compensation expenses.