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Tech Earnings Ahead

U.S. markets were modestly higher pre-market with the Nasdaq/US Tech 100 leading gains after strong Q1 results from chip names. Major indexes diverged: US Tech 100 rallied ~1.2% while the US SP 500 and US Small Cap 2000 logged smaller gains and the Wall Street 30 (Dow) lagged. Corporate earnings continued to drive flows—SLB and Procter & Gamble reported beats but SLB shares pulled back on high prior gains. Attention shifts to a heavy tech earnings week ahead (Alphabet, Amazon, Microsoft, Meta) and key macro events (FOMC, PCE, Michigan consumer sentiment) that could influence market breadth and Fed policy expectations.

Category

US Tech 100

Sentiment

Mixed

Event

Earnings preview

Reading time

1 min