Investors Seek Thriving Companies Amid Recession Concerns and Big Tech Earnings.
TL;DR Summary
More than a quarter of S&P 500 companies are reporting earnings this week, with energy and industrials sectors showing strong performance. Tech earnings are highly anticipated, with Microsoft, Alphabet, Meta, and Amazon set to reveal their Q1 2023 financials. The US economy's GDP growth in Q1 2023 is also expected to be released on Thursday, amid conflicting data on whether the economy is growing or contracting. Despite concerns of a recession, investors are eyeing "companies that can thrive" in a tightening credit environment.
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