Corporate earnings came to the market’s rescue in the past week, helping to overcome rate fears. As we look ahead to the unfolding week, it remains to be seen whether the tech earnings deluge can keep the rally’s momentum going. The Week That Was: High-profile Magnificent Seven earnings panned out mostly positively for the market, with Meta Platforms, Inc. (NASDAQ:META) the outlier. The social media giant’s stock fell sharply as traders fretted over the soft second-quarter revenue guidance and the company’s massive AI investment plans. Tesla, Inc. (NASDAQ:TSLA) managed to appease the Street despite the double miss as it held out the promise of an expeditious launch of a more affordable EV. With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages, said FactSet in a report. The blended first-quarter earnings growth of S&P 500 companies is estimated at 3.5%, up from the 0.6% growth estimated in the week ended April 19, the financial data analytics firm said. If the trend holds, the S&P 500 companies are on track to report earnings growth for the third straight quarter. Of the 11 S&P sector classes, eight sectors reported year-over-year earnings growth, led by communication services, utilities, IT, and consumer discretionary sectors. On the other hand, healthcare, energy, and materials have reported year-over-year earnings declines. See Also: Best Tech Stocks Right Now Look Ahead: The unfolding week will see 175 S&P 500 companies and 6 Dow 30 components releasing their quarterly scorecards. The earnings roster includes two Magnificent Seven companies, namely Apple, Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN), e-commerce retailers, payment processors, restaurants, and energy and REIT companies. Earnings from Apple and Amazon could be market-moving, given the weighting of these stocks in the S&P 500 Index. Also, Apple is considered a bellwether, given its exposure to consumers. Morgan Stanley’s Erik Woodring expects Apple to report a slightly beat but guide June quarter revenue down. Investors are likely to keep a close eye on performance in China, Apple’s updated capital return framework, and capital expenditures, the analyst said. That said, the analyst is positive on ...