Megacap tech companies' earnings reports may impact the US stock market rally as interest cut expectations decrease.
Megacap tech and growth company earnings reports may test the US stock market rally as expectations for interest cuts fade. The Magnificent Seven, including Tesla, Meta Platforms, Alphabet, and Microsoft, could prove significant due to their dominant positions and heavy index weightings. Despite a broader market rally this year, megacap stocks remain a key component of portfolios, and their results could be especially important for market performance.
April 19, 2024
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