Jul 25, 2022 - Economy

Big Tech stocks on tap to swing markets

Percentage change of price in select tech stocks
Data: Yahoo! Finance; Chart: Nicki Camberg/Axios

Watch out for Big Tech's earnings starting tomorrow as those reports will help drive markets this week.

Why it matters: Collective earnings and revenue from Apple, Amazon, Microsoft, Google parent Alphabet and Facebook parent Meta have boosted the entire market since the start of the pandemic, MarketWatch notes.

  • Slowdowns — which several of the companies have already warned about — could drag down investor sentiment and the market as a whole. 

By the numbers: Together, the five companies control 23% of the S&P 500’s market cap, according to Dow Jones Market Data Group.

  • Investors are anticipating price swings of the companies anywhere from 4% to 13% after they report, according to Bloomberg.
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