Back to today’s briefing

Story perspectives

Core PCE 3.3%, Nasdaq Up 25%, Intuit Boosts Guidance

5/25/2026

39 6 Full Breakdown

Summary

Story summary

U.S. core personal consumption expenditures (PCE) price index rose 3.3% year-to-date in April, up from 3.2% in March and 3% in February.
Nasdaq 100 gained more than 25% since the end of March, trading above 29,350 points.
Intuit reported Q3 adjusted EPS $12.80 on $8.56 billion sales, beat forecasts, saw its shares fall 18.6%, and lifted full-year EPS guidance to $23.80-$23.85 and sales target to $21.34-$21.37 billion.

History

Historical Context

The 2008 crisis peaked with Lehman Brothers’ September 15 2008 bankruptcy, prompting the Emergency Economic Stabilization Act and a $700 billion TARP. Congress then approved the $787 billion American Recovery and Reinvestment Act in February 2009, while the Federal Reserve cut rates and began quantitative easing. Those interventions set the low-interest environment that underpins today’s market rally and lingering inflation concerns.

1 of 2

Story summary

U.S. core personal consumption expenditures (PCE) price index rose 3.3% year-to-date in April, up from 3.2% in March and 3% in February.
Nasdaq 100 gained more than 25% since the end of March, trading above 29,350 points.
Intuit reported Q3 adjusted EPS $12.80 on $8.56 billion sales, beat forecasts, saw its shares fall 18.6%, and lifted full-year EPS guidance to $23.80-$23.85 and sales target to $21.34-$21.37 billion.

1 / 2