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Benzinga
  • 12 hours ago
Wall Street's largest tech companies drove the S&P 500 to record highs as investors await earnings from Alphabet, Microsoft, Amazon, Meta, and Apple. The Magnificent Seven has led a four-week 13% rally, with projected earnings growth of 19% vs. 12% for the broader index. Combined capital spending is expected to reach $649B in 2026, up from $411B in 2025. The group accounts for ~25% of S&P 500 market capitalization.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wall Street's largest technology companies drove the S&P 500 to record highs as investors
00:08look to upcoming earnings to assess whether the rally can continue, according to the Wall Street
00:12Journal. The companies have a combined value of nearly $16 trillion in account for about
00:18one quarter of the S&P 500's market capitalization. Alphabet, Microsoft, Amazon, and Meta report this
00:24week, followed by Apple, with the group representing about a quarter of the index.
00:28The Magnificent Seven has led a four-week rally that added 13%, supported by projected earnings
00:34growth of 19% versus 12% for the broader index. Investors are also watching elevated capital
00:41spending, expected to reach $649 billion in 2026, up from $411 billion in 2025, and its
00:49impact on cash flow and returns. For all things money, visit Benzinga.com.
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