Explore the latest developments concerning Earnings live: Qualcomm.
Earnings live: Qualcomm stock slides, Arm Holdings little changed after results exceed expectations
Earnings season kicks into high gear this week. Chipotle (CMG), Starbucks (SBUX), and Arm Holdings (ARM) reported on Wednesday, with ExxonMobil (XOM) and Chevron (CVX) results coming later in the week.
The main focus, though, will be on Big Tech earnings on Wednesday and Thursday. Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon.com (AMZN) follow Alphabet's (GOOG, GOOGL) and Tesla's (TSLA) earnings last week, which sent the tech sector into a tailspin.
Overall, it's shaping up to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, analysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.2% — above the five-year average of 16.4% and the 10-year average of 10.3%.
Torsten Slok: This week's mega-tech earnings will be very important for markets and the economy
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