Big Tech earnings are about to determine the direction of the market

Just five companies control nearly a quarter of the S&P 500 index’s market cap, and they will all report earnings this week that could determine the direction of the market for weeks or months to come.

As Big Tech — Google parent Alphabet Inc. GOOGL, -1.42% GOOG, -1.17%, Amazon.com Inc. AMZN, -1.65%, Apple Inc. AAPL, -1.01%, Facebook parent Meta Platforms Inc. META, -2.58% and Microsoft Corp. MSFT, -1.21% — prepares to report, there are serious doubts about their near future for the first time. All five have signaled that they...