Big day coming up on the earnings calendar in Wall Street

Major US tech earnings loom as four of the “Magnificent Seven” — Alphabet, Amazon, Meta and Microsoft — report after the US close, with Apple set to report the following day. Markets will focus on cloud/AWS/Azure performance, ad revenue and whether heavy AI-related capex is translating into meaningful revenue growth; any signs of stalled revenue or higher capex guidance could trigger negative reactions. The backdrop is a recent bullish rebound with the S&P 500 and Nasdaq at fresh record highs, though geopolitical risk (US–Iran tensions) remains a dominant downside factor. Overall, the reports are positioned as a potential catalyst that could either validate the recent tech-led market rally or prompt a pullback if results or guidance disappoint.