Tech's fourth quarter earnings season kicks off this week with results from Netflix, Tesla and Intel. The so-called Magnificent Seven are expected to deliver combined profit growth of about 46%, according to data compiled by Bloomberg. That's down slightly from the third quarter's 53% expansion, but it still dwarfs almost all of the main sectors in the S&P 500 Index.
Considering how important these companies are to the overall stock market - they accounted for virtually all of last year's 24% advance and drove the S&P 500 to an all-time high on Friday - earnings season doesn't quite get going until they show up with their results.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price