Bloomberg calls $16 trillion earnings week
- Microsoft, Alphabet, Amazon and Meta report results Wednesday, with Apple on Thursday, putting nearly $16 trillion of market value on the line. - Those five companies make up about a quarter of the S&P 500, while the Roundhill Magnificent Seven ETF climbed 13.78% in one month. - The reports land alongside a Federal Reserve decision as stocks sit near records. (finance.yahoo.com)
Five of the biggest U.S. tech companies report earnings this week, with Microsoft, Alphabet, Amazon and Meta due Wednesday, April 29, and Apple due Thursday, April 30. (finance.yahoo.com) (microsoft.com) (abc.xyz) (ir.aboutamazon.com) (investor.atmeta.com) (apple.com) Bloomberg reported the five companies are worth nearly $16 trillion combined, or roughly one-quarter of the S&P 500 by market capitalization. Yahoo Finance said this is the busiest earnings week of the quarter. (bloomberg.com) (finance.yahoo.com) The timing is tight. The Federal Reserve announces its rate decision on Wednesday, the same day four of the five tech giants report, and Yahoo Finance said traders were pricing 99.5% odds of no rate change. (finance.yahoo.com) Markets are heading into the week near highs. Yahoo Finance said the S&P 500 closed Friday, April 24, up 0.8% on the day and 0.6% for the week, while the Nasdaq rose 1.6% on Friday and 1.5% for the week. (finance.yahoo.com) The recent rebound has been concentrated in the same names now reporting. Yahoo Finance’s quote page for the Roundhill Magnificent Seven ETF showed a 13.78% gain over one month as of the April 24 close. (finance.yahoo.com) That follows a rough first quarter for the group. Yahoo Finance said the Magnificent Seven lost a combined $850 billion in market value during the last week of March, and all seven members finished that month down for the year. (finance.yahoo.com) This week’s calendar extends beyond tech. Yahoo Finance listed Visa, Mastercard, Exxon Mobil, Chevron, BP, Phillips 66, Valero and Dominion Energy among other major companies reporting over the same stretch. (finance.yahoo.com) The immediate question is whether results and forecasts from those five tech companies can support stock prices that have already run back toward records. By Thursday night, investors will have fresh numbers from companies that dominate both major indexes and the market’s artificial-intelligence trade. (bloomberg.com) (finance.yahoo.com)
