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Big Tech Earnings Focus
Description
Wall Street's largest tech companies drove the S&P 500 to record highs as investors await earnings from Alphabet, Microsoft, Amazon, Meta, and Apple. The Magnificent Seven has led a four-week 13% rally, with projected earnings growth of 19% vs. 12% for the broader index. Combined capital spending is expected to reach $649B in 2026, up from $411B in 2025. The group accounts for ~25% of S&P 500 market capitalization.
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