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Nasdaq Update: US Tech Weakens Ahead of Big Tech Earnings


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5 things to know before the stock market opens Thursday, Feb. 3

Jul 13, 2022 | DailyFX
Richard Snow, Analyst

NASDAQ (US TECH 100) NEWS AND ANALYSIS

  • US Q2 earnings season kicks off with the large banks before big tech later this month
  • Key Nasdaq technical levels considered ahead of the earnings reports

US EARNINGS SEASON (Q2) KICKS OFF WITH THE BANKS BEFORE BIG TECH

This week Thursday and Friday we have Q2 earnings reports of the big banks with the likes of JP Morgan and Morgan Stanley on Thursday and Citigroup and Wells Fargo on Friday. Earnings season this time around has split opinion with some forecasting positive figures while other researchers, like Factset, reduced earnings growth rates for the wider S&P Index to 4.3%, marking the lowest figure since the last quarter of 2020.

Large US Tech Earnings Announcements Appear Towards the End of July

DATE

19 JULY

20 JULY

26 JULY

26 JULY

27 JULY

28 JULY

4 AUG

4 AUG

Stock

Netflix

Tesla

Alphabet (Google)

Microsoft

Meta

Apple

Amazon

Amazon

*Timing

AMC

AMC

AMC

AMC

AMC

AMC

E

E

*PMO = Pre Market Open, AMC = After Market Close, E = Estimated/unconfirmed

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