Intuit stock drops 5% into the new week as IRS ends Direct File and jobs report nears
Intuit shares fell 4.98% to $629.46 Friday, underperforming software peers after the IRS said it will end its Direct File program for 2026. The iShares Tech-Software ETF dropped 2.86%. Investors are watching Intuit’s Jan. 9 dividend record date and the U.S. jobs report the same day. Intuit closed below key moving averages and sits 23% off its 52-week high.