Alphabet and Microsoft reported quarterly earnings yesterday, with both companies posting sales and profit figures which easily surpassed expectations. Google saw a steep recovery in its advertising business and Microsoft surged ahead based on cloud and PC sales.
This is one of the most anticipated earnings weeks for Q1 2021, with several major tech companies scheduled to report. Some of the more notable names that the market is waiting for include Tesla, Microsoft, Alphabet, Facebook, Amazon and Apple. What lies in store for these tech giants?
Alphabet shares surged to a new record on Monday following a Supreme Court decision ruling in its favour in a long-running copyright case against Oracle. Investors also appeared to be indifferent to the sudden departure of the head of Google’s autonomous vehicle unit Waymo on Friday.
Major U.S. indices ended Q1 with gains, while the S&P 500 and Dow hit their fourth straight quarter of growth. In addition, the S&P 500 finished with a new intraday high yesterday after President Biden announced his new infrastructure plan.
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