Can tech keep fueling the stock-market rally? Next week will be a gut check.
Stocks were mixed on Thursday afternoon, while the three major U.S. equity indexes were all on pace for weekly losses.
A surge in Tesla Inc.’s stock Thursday was a big factor keeping the S&P 500 aloft in afternoon trade.
But next week’s earnings from tech giants Alphabet Inc., Apple Inc., Amazon.com Inc., Microsoft Corp. and Meta Platforms Inc. will be even more important for investors in terms assessing the “big drivers of earnings growth” in the year ahead, said Matt Stucky, chief portfolio manager, equities, at Northwestern Mutual Wealth Management Co., in a phone interview.
