Tech Earnings Reports to Drive Stock Market This Week

Throughout most of last week, the stock market was strong but then saw a decline on Friday. This week’s performance will be determined by how tech stocks report.

Tech stocks were showing strong performance last week.
Tech stocks were showing strong performance last week

Quarterly earnings reports are releasing this week for major tech companies including Meta, Apple, Microsoft, and Tesla. Those earnings could help bring the stock market back up after it ended on a low note on Friday.

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The Federal Reserve will also be making a statement this week concerning interest rate cuts- when the next one will be coming and how much it will be. That announcement is coming on Wednesday, and it should tip the market slightly in one direction or another.

President Donald Trump has stated that he will put pressure on the Fed to increase these cuts, but it remains to be seen how the Fed will respond to that pressure. There may be some pushback there, since the Fed was notably reluctant to issues cuts in 2024 until late in the year because of concerns over a sticky inflation rate.

What to Expect from Earnings Reports

Many of the “Magnificent Seven” stocks will be posting their quarterly earnings during this week, making a substantial impact on the market not just for this week but for the weeks ahead. These few stocks tend to have a driving effect on the market that is stronger than most other stocks, setting the tone for the market.

Meta Platforms is making some major changes this year as they get rid of paid fact checkers on their Facebook platform. On Friday META closed down by 1.67%, but they are expected to make a comeback this week. Their stock has been steadily climbing over the last 12 months and should continue to do so.

Tesla had an uneven year in 2024 but should make a major comeback this year, thanks to the CEO’s close ties to the Trump administration. TSLA stock dropped 3% on Friday before the market closed, but they have spiked in the last couple months and should be riding high off for strong support from the US government.

Microsoft (MSFT) was down by 0.59% on Friday but could rebound in a big way this week as they release their quarterly earnings. They have seen excellent numbers recently for Office and cloud subscriptions and for Xbox online memberships, and their last quarter showed a 17% increase in revenue.

 

 

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ABOUT THE AUTHOR See More
Timothy St. John
Timothy St. John
Financial Writer - European & US Desks
Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.
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