Big Tech’s Profit Growth Is Under Pressure

Good morning. Big Tech is set to post its slowest pace of profit growth in two years. China wants to scale up index investment. And if you’re wondering where to look for your next bottle of whiskey, try Tasmania. Listen to the day’s top stories.

Though tech stocks are nearing record highs, profit growth is projected to come in at the slowest pace in almost two years. That leaves investors on high alert with Microsoft, Meta and Apple all due to report this week. “This should be a fairly good earnings season, but the bar has been raised,” said Dan Taylor, chief investment officer at Man Numeric.