How Big Tech’s Big Announcements Are Affecting the Market – InvestorsObserver

It’s a busy week on Wall Street.

We’ll hear from some of the biggest stocks in the S&P 500 when Tesla Inc. (TSLA), Microsoft Corp. (MSFT), and Texas Instruments Inc. (TXN) report earnings from Q4. Visa Inc. (V) and American Express Co. (AXP) are two other notable companies that will report earnings this week.

As banks report earnings, it helps us get a better picture of how fast the U.S. economy grew during Q4 2022. After a tumultuous 2022 chock-full of tech layoffs, we’re looking to the big companies’ earnings today and throughout the week to see what’s changed, if anything.

The tech sector comprises 20% of the entire stock market, so when they do well, the market tends to do well. Conversely, negative earnings reports have an undesirable effect on the entire market.

Most people who own broad stock market holdings or ETFs own tech stocks, so when they tank, so might your retirement account. That might sound grim, given today’s environment, but hanging on to those holdings will…

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