Big-tech results will decide 'where we go from here' amid investor caution. They would fall if it weren't for this one company

The big U.S. banks gave mixed signals on the economy when they reported quarterly results this month, and market optimism has seesawed.

“If we do get a beat and raise from some of the heavy hitters, that will give the market a boost and then we will have analysts scurrying to update their models and see price target upgrades,” he continued. “NVIDIA is also expected to be the largest contributor to earnings growth for the entire S&P 500 for Q3,” FactSet Senior Earnings Analyst John Butters said in a report on Friday. “If this company were excluded, the blended earnings decline for the S&P 500 for Q3 would increase to -1.8% from -0.4%.”

Still, Wall Street’s expectations could be worse. Alphabet reports as it faces a bigger antitrust battle with the government. But analysts expect decent search-driven ad revenue and a better showing from YouTube. And at Meta, some analysts expect ad sales to recover as well. This week in earnings Elsewhere in the tech industry, Intel Corp. INTC, -2.10% and International Business Machines Corp. IBM, -0.62% report this week. So does streaming platform Spotify Technology SPOT, -0.03%, which has been trying to expand beyond music and podcasts as steady profit remains hard to come by. Toy-makers Mattel Inc. MAT, -1.30% and Hasbro Inc. HAS, -0.

Those discussions have been part of a bigger push from labor across the nation’s supply chains, following initial deals struck with longshoremen and rail workers over the past year, as workers fight for a cut of big pandemic-era profits reaped by their employers and businesses and businesses and consumers worry about delays in shipments and higher prices.

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