Big Tech’s $16 Trillion Earnings Week Is Make-Or-Break for Rally

Wall Street’s biggest technology stocks have carried the S&P 500 to record highs even as the war in Iran continues. Now, earnings from a handful of them this week will give investors a read on whether this rally’s sustainable.

Alphabet Inc., Microsoft Corp., Amazon.com Inc. and Meta Platforms Inc. are set to report Wednesday, followed by Apple Inc. a day later. The companies are worth nearly $16 trillion combined, representing a quarter of the S&P 500 Index’s market capitalization.