Big Tech Giants Report Earnings in Crucial Week for Markets

Tech giants including Amazon, Microsoft, Alphabet, and Meta Platforms are set to report quarterly results this week, with investors looking for updates on these companies' artificial intelligence efforts as well as ongoing cost cuts. Thursday's release of the first estimate of first quarter GDP is also expected to show the US economy grew at an annualized rate of 2% in the year's first three months. Investors expect this earnings season to bring a second straight quarter of decline in profits earned by US corporates.