Big Tech Earnings Paint Mixed Picture Amid Rate Hike Uncertainty
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Earnings season has been mixed so far, with misses from Meta and Alphabet but beats from Microsoft and Amazon.
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About 49% of S&P 500 companies have reported Q3 earnings, with 78% beating EPS estimates but only 62% beating revenue estimates.
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Key earnings to watch this week include Apple, AMD, Qualcomm, Microsoft, and Amazon.
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Apple's results will indicate global economic and consumer health given its weighting in major indexes.
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The Fed's upcoming decision on interest rates could also move markets along with big tech earnings.