Alphabet, Microsoft Lead Bear-Market Earnings Season
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Investors are facing a make-or-break week for some of Wall Street’s most influential tech stocks in a historic year.
Investors are facing a make-or-break week for some of Wall Street's most influential tech stocks in a historic year for the group marked by a plunge into bear market territory.The superlatives have followed one after another in 2022's wild ride. Shares of Meta Platforms Inc. have lost 61%, their biggest drop since the company went public a decade ago. Apple Inc., Alphabet Inc., Amazon.com Inc. and Microsoft Corp. are set for their steepest declines since the global financial crisis. The Nasdaq 100 Index rose 0.6% on Tuesday. Now, these companies are slated to report quarterly results this week with projections showing a profit decline by the most in at least thre...