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Magnificent 7 Face Pivotal Market Moment As 4 Mega Tech Giants Report Earnings This Week
The elite group known as the Magnificent Seven faces a decisive market test as four mega-cap tech giants report their latest quarterly earnings this week.
Microsoft Corp. (NYSE:MSFT) will kick things off on Tuesday, reporting its fiscal fourth-quarter 2024 earnings after market close.
Meta Platforms Inc. (NASDAQ:META) will take the spotlight after the market closes on Wednesday, potentially making for a volatile day as traders assess interest rate moves following the Federal Reserve policy meeting and Fed Chair Jerome Powell‘s press conference.
Amazon.com Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL) will both report their fiscal second-quarter and third-quarter earnings, respectively, on Thursday, after market close.
Collectively, these four giants have a market valuation of nearly $10 trillion, highlighting the significant impact these earnings are expected to have on the markets.
Last week, the Roundhill Magnificent Seven ETF (NASDAQ:MAGS) ...