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Tech giants Meta Platforms, Alphabet, and Amazon are expected to report earnings later this month, a window that may determine the direction of the broader market through year-end.
Following a 0.4% decline in the S&P 500 during September, investors are closely monitoring these three companies to assess whether artificial intelligence spending remains sustainable amid rising inflation and geopolitical tensions in Iran.
According to FactSet Insight, the tech sector currently has 44 companies delivering positive earnings-per-share guidance for the third quarter, significantly higher than the five-year industry average of approximately 23.
This data suggests that investor expectations ahead of these reports will be pivotal in shaping market sentiment.
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