Amazon, Microsoft, and Alphabet Prepare for Key Earnings as Market Sentiment Weakens

U.S. equity markets face a crucial earnings stretch as roughly 36% of S&P 500 companies report this week, led by Amazon, Microsoft, and Alphabet. Amazon reports on October 29 with consensus forecasts projecting earnings per share of $1.96 on roughly $202.1 billion to $202.24 billion in revenue. Microsoft and Alphabet report October 28. Together, the three tech giants account for approximately 15% of the S&P 500, but their year-to-date returns of 2% to 8% have lagged the broader index's roughly 12% rise. The results arrive alongside fragile market sentiment, rising bond yields, and heavy AI capital expenditures.