Major Wall Street indices ended flat on Tuesday as investors and traders shifted their focus to Federal Reserve Chair Jerome Powell’s scheduled speech on Wednesday at an event hosted by the Brookings Institution in Washington.
Intuit (NASDAQ:INTU) reported quarterly earnings of $1.66 per share which beat the analyst consensus estimate of $1.22 by 36.07 percent. This is a 8.5 percent increase over earnings of $1.53 per share from the same
U.S. stocks could rebound on Tuesday following the China-induced sell-off seen in the previous session. The index futures were trading uniformly higher after a COVID-19 policy review by Chinese health officials.
The CNN Money Fear and Greed index showed further easing in sentiment among US investors after the Dow Jones dropped around 500 points on Monday.
China continued to impose stricter COVID-19 restrictions amid surge in new cases. The restrictions impacted the life of the common man, prompting people to resort to protests.
A whale with a lot of money to spend has taken a noticeably bearish stance on Intuit.
Looking at options history for Intuit (NASDAQ:INTU) we detected 19 strange trades.