Investors Await Tech Earnings in Next Test for Markets

  • 📰 WSJ
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Tech stocks had a strong start to 2023. The upcoming round of quarterly earnings is likely to determine if the rally is justified.

“We are going to go through a phase today where there is going to be a normalization of demand,” Microsoft Chief Executive Satya Nadella said last week. “We in the tech industry will have to get more efficient—it’s not about everyone else doing more with less, we will have to do more with less. We will have to show our own productivity gains.”

The sector has benefited from hopes that the Fed will soon reverse course on its tightening campaign. The 10-year Treasury yield recentlyAdditionally, the dollar has weakened meaningfully of late, after the The large weighting of tech stocks presents a fresh risk to index funds in a weaker operating environment, said Ryan Grabinski, investment strategist at Strategas Research Partners. “Those top stocks had been carrying their earnings weight for years,” referring to their share of profits matching their share of market value.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow futures tick lower as investors brace for tech earnings By Investing.com*U.S. STOCK FUTURES EDGE LOWER TO START THE WEEK AS INVESTORS BRACE FOR TECH EARNINGS $DIA $SPY $QQQ 🇺🇸 🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market news today: Investors brace for slew of corporate earningsUS stocks jump as investors get ready for a slew of corporate earnings There's a difference between investors and traders
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tech stock rebound faces doubters with earnings season ahead By Reuters*TECH STOCK RALLY FACES MAJOR HURDLE IN WEEK AHEAD AS MEGACAP EARNINGS SEASON STARTS - $DIA $SPY $QQQ $MSFT $TSLA 🇺🇸🇺🇸 👀 GAFA!GAFA! 135 September amazon calls , 200 meta calls and 110 alphabet 3/17 calls 🤷🏻‍♂️🤝🏻
Source: Investingcom - 🏆 450. / 53 Read more »

Earnings playbook: What investors can expect out of Tesla, Microsoft and BoeingThe corporate earnings season ramps up this week, as investors look for more clarity on how companies are weathering persistent inflation and interest rates. If it's cramers pick? do the opposite Cramer was probably the cheapest “analyst” that’s why he’s still there 🤣 Tech hiring spree is cyclical.
Source: CNBC - 🏆 12. / 72 Read more »

Treasury yields dip as investors look to economic data, earnings releasesU.S. Treasury yields declined on Tuesday as investors awaited economic data and earnings reports that could provide hints about the state of the U.S. economy.
Source: CNBC - 🏆 12. / 72 Read more »

Stock futures are flat as investors weigh the Fed's next policy move and await a busy earnings weekInvestors were assessing a potential slowdown or pause in Federal Reserve rate hikes and looked ahead to a busy week of earnings. Bulls extra sad right now
Source: CNBC - 🏆 12. / 72 Read more »