{"id":52168,"date":"2025-08-21T16:38:31","date_gmt":"2025-08-21T20:38:31","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-jitters-persist-ahead-of-powell-speech-intuit-beats-estimates-us-canada-talks-progress\/52168\/"},"modified":"2025-08-21T16:38:31","modified_gmt":"2025-08-21T20:38:31","slug":"market-jitters-persist-ahead-of-powell-speech-intuit-beats-estimates-us-canada-talks-progress","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-jitters-persist-ahead-of-powell-speech-intuit-beats-estimates-us-canada-talks-progress\/52168\/","title":{"rendered":"Market Jitters Persist Ahead of Powell Speech; Intuit Beats Estimates; US-Canada Talks Progress"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>U.S. stocks slid for a fifth consecutive day, and Treasury yields climbed to 4.33%, as robust factory data fueled doubts over near-term Federal Reserve rate cuts ahead of Jerome Powell\u2019s Jackson Hole speech.<\/strong><\/li>\n<li><strong>Intuit (<a href=\"\/stock\/INTU\">INTU<\/a>) reported stronger-than-expected Q4 2025 earnings, with adjusted EPS of $2.75 and net revenue of $3.83 billion, while also providing an optimistic outlook for Q1 and FY2026.<\/strong><\/li>\n<li><strong>Canadian Prime Minister Mark Carney and U.S. President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> held &quot;productive&quot; discussions on trade and a new economic and security pact, signaling potential advancements in bilateral relations.<\/strong><\/li>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> signed an executive order creating a Chief Design Officer role for the U.S. government, appointing Airbnb co-founder Joe Gebbia to lead efforts in overhauling government digital services.<\/strong><\/li>\n<\/ul>\n<p>U.S. stock markets experienced their fifth straight day of declines, as investors reacted to strong factory data that <em>cast doubt on the likelihood of immediate Federal Reserve rate cuts<\/em>. The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average, <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a>, and Nasdaq Composite all closed lower, reflecting growing market anxiety. Simultaneously, Treasury yields climbed, with the 10-year Treasury yield reaching <strong>4.33%<\/strong> ahead of Federal Reserve Chair Jerome Powell\u2019s highly anticipated speech at Jackson Hole. <em>Market participants are now pricing in approximately a 70% chance of a September rate cut, a notable decrease from over 90% just last week<\/em>, indicating a shift in expectations for monetary policy.<\/p>\n<p>In corporate news, Intuit (<a href=\"\/stock\/INTU\">INTU<\/a>) delivered a strong performance for its fourth quarter of fiscal year 2025, surpassing analyst expectations. The financial software giant reported adjusted earnings per share (EPS) of <strong>$2.75<\/strong>, exceeding estimates of <strong>$2.66<\/strong>. Adjusted operating income reached <strong>$1.02 billion<\/strong>, outperforming the estimated <strong>$998.7 million<\/strong>, while net revenue came in at <strong>$3.83 billion<\/strong>, above the <strong>$3.75 billion<\/strong> consensus. Looking ahead, Intuit provided optimistic guidance for Q1 2026, forecasting adjusted EPS between <strong>$3.05 and $3.12<\/strong> and revenue growth of <strong>+14% to +15%<\/strong>. For the full fiscal year 2026, the company projects adjusted EPS between <strong>$22.98 and $23.18<\/strong> and adjusted operating income between <strong>$8.61 billion and $8.69 billion<\/strong>.<\/p>\n<p>On the political front, Canadian Prime Minister Mark Carney and U.S. President Trump held a \u201cproductive\u201d call regarding ongoing trade discussions and the potential for a new economic and security pact between the two nations. This development suggests a renewed focus on strengthening bilateral ties and addressing key economic and security challenges.<\/p>\n<p>In a move aimed at modernizing government services, President Trump signed an executive order establishing a Chief Design Officer role for the U.S. government. Airbnb co-founder Joe Gebbia has been appointed to this newly created position. Gebbia is set to lead a new National Design Studio, housed within the White House, with the mandate to overhaul government websites, forms, and other public-facing digital interfaces.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. stocks slid for a fifth consecutive day, and Treasury yields climbed to 4.33%, as robust factory data [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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