Magnificent 7 Face Pivotal Market Moment As 4 Mega Tech Giants Report Earnings This Week

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The elite group known as the Magnificent Seven faces a decisive market test as four mega-cap tech giants report their latest quarterly earnings this week.Microsoft Corp.(NYSE:MSFT) will kick things off on Tuesday, reporting its fiscal fourth-quarter 2024 earnings after market close.Meta Platforms Inc.(NASDAQ:META) will take the spotlight after the market closes on Wednesday, potentially making for a volatile day as traders assess interest rate moves following the Federal Reserve policy meeting and Fed Chair Jerome Powell‘s press conference.Amazon.com Inc.(NASDAQ:AMZN) and Apple Inc.(NASDAQ:AAPL) will both report their fiscal second-quarter and third-quarter earnings, respectively, on Thursday, after market close.

Collectively, these four giants have a market valuation of nearly $10 trillion, highlighting the significant impact these earnings are expected to have on the markets.

Last week, the Roundhill Magnificent Seven ETF (NASDAQ:MAGS) ...

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesGermanyJapan

Topics: US0378331005 MAGS Top Stories Equities Magnificent Seven AAPL Expert Ideas Earnings US0231351067 US5949181045 IL0010829161 ETFs AMZN Consumer Tech Tech Large Cap Benzinga Broad U.S. Equity ETFs MSFT Stories That Matter META

Source Website Secure: Yes (HTTPS)

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Article Type: News Report

Published On: 2024-07-30 @ 13:15:43 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 499 words

Reading Time: 3 minutes read

Sentences: 22 lines

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News ID: 21857033

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