Big Tech stocks on tap to swing markets

Big Tech stocks on tap to swing markets

Watch out for Big Tech’s earnings starting tomorrow as those reports will help drive markets this week.

Why it matters: Collective earnings and revenue from Apple, Amazon, Microsoft, Google parent Alphabet and Facebook parent Meta have boosted the entire market since the start of the pandemic, MarketWatch notes.
• Slowdowns — which several of the companies have already warned about — could drag down investor sentiment and the market as a whole.

By the numbers: Together, the five companies control 23% of the S&P 500’s market cap, according to Dow Jones Market Data Group.
• Investors are anticipating price swings of the companies anywhere from 4% to 13% after they report, according to Bloomberg.