More than a third of S&P 500 companies are about to report earnings as market confidence cracks — SkimNews
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- FactSet counts 179 S&P 500 companies, or 36% of the index, reporting quarterly results this week starting Monday — one of the most crucial weeks of third-quarter earnings season.
- S&P 500 market confidence is cracking, and the dense reporting slate gives corporate America a chance to shake the bad vibes out of the stock market.
- Amazon (AMZN) is among the marquee reporters alongside Alphabet (GOOGL, GOOG) and Microsoft (MSFT), the names the index has depended on for gains.
- Artificial-intelligence trade draws investor worry over its sustainability, joined by high gas prices and bond-market tremors.
- Market sentiment is cautious to negative, with a strategist saying that combination of concerns makes it "a tricky week."
Why it matters: With 179 companies — 36% of the S&P 500 — reporting from Monday, Amazon, Alphabet and Microsoft stand out because the index has depended on them for gains. Their results arrive against cautious-to-negative sentiment, with a strategist already calling the week "tricky" amid worries over the AI trade, gas prices and the bond market.
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