Stock Market’s Fate Rests on $10 Trillion in Big Tech Earnings

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(Bloomberg) — Investors wondering where the S&P 500 is headed, at least for the next month or so, will want to pay attention to three key days this week.

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Between Tuesday and Thursday, five Big Tech companies with a combined market value of more than $10 trillion will report earnings: Microsoft Corp., Alphabet Inc., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. Meanwhile, the Federal Reserve will issue its decision on interest rates, followed by Chair Jerome Powell’s press conference where he’s expected to discuss the outlook ahead.

The stakes couldn’t be much higher, with the S&P 500 Index pushing deeper into record territory on bets that central bankers are poised to began easing monetary policies and tech behemoths like Microsoft getting more valuable by the day.

“Tech disproportionately moved the market last year and big tech continues to have the biggest earnings power, so the results will be…

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