Next week brings major risks for the stock market, just as the AI trade keeps faltering
Source: CNBC ·
The latest group of megacap earnings, a Federal Reserve meeting and a key inflation report are all on deck.
From the source
Next week will bring major risks for a stock market that's trying to find its footing as the AI trade continues to stumble, with several megacap earnings, a Federal Reserve meeting and a key inflation report in store. Wall Street is heading into the thick of earnings season, with 163 S & P 500 companies set to report results next week. Chief among them are financial updates from Alphabet , Amazon and Microsoft , the next hyperscalers to release earnings after Meta Platforms and Tesla found a surprisingly poor reception this past week, dragging down the broader market in their wake. "The fact that the market has skepticism around potential good news in the technology space, particularly, that's worth watching," said Mark Hackett, chief market strategist at the investment management group at Nationwide. "That's why I'm really curious to see how next week goes." Meta's results unnerved investors who worried about the sustainability of the social media giant's AI spending plans. The…