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Big Tech on deck. S&P 500 companies have had a strong start to earnings season. The index is expected to grow earnings by 12.7% compared to the year prior in the fourth quarter, per FactSet data.
That's after the cohort of mega-cap tech stocks delivered earnings growth of 36% in 2023, compared to a 4% decline in earnings growth for the rest of the S&P 500.
The Nasdaq hit a new record, but the S&P 500 and the Dow ended a multi-week rally. Mega-cap tech earnings will be in the spotlight next week.
Big Tech week. With 37% of the S&P 500 having reported quarterly results, the index is pacing for 3.7% year-over-year earnings growth. According to FactSet, this would be the slowest annual growth ...
Of the 37% of S&P 500 companies that have released financials, 75% have beat earnings estimates, on par with the 10-year average, according to a FactSet analysis.
The gain in the Nasdaq and the S&P 500 was driven by a surge in mega-cap tech stocks, with ... The top event on investors' radar this week is the Federal Reserve's final Federal Open Market ...
In the first quarter, research from Deutsche Bank chief global strategist Binky Chadha showed earnings for a basket of stocks labeled "Mega-Cap Growth and Tech" grew 39% compared with 5.9% year ...
Next week, almost $13 trillion in market cap will follow. But the breadth and depth of corporate earnings set to be released don't make this week or next the biggest week for first quarter ...