Faith In Mega Tech’s Growth Is On the Line This Earnings Season
- Delivering strong earnings key to justifying high valuations
- Nasdaq 100 has rallied back from a slump in the past month
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Investors still believe technology is the best place in the stock market to find reliable revenue and profit growth. That will be tested this week.
The five largest U.S. technology companies are set to report earnings, starting with Facebook Inc. on Monday. They could use a strong showing, as big tech’s market dominance faces threats from rising interest rates and slowing revenues.