Though the market’s rally has broadened this year, megacap stocks remain a portfolio staple.
NEW YORK: Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.
Tesla, Meta Platforms, Alphabet and Microsoft – all set to report next week – are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year.
Already a subscriber? Log in.
Celebrate Merdeka with 50% Off!
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
