Earnings live: Google, Tesla to kick off 'Magnificent Seven' quarterly results

Big Tech companies Alphabet (GOOG, GOOGL) and Tesla (TSLA) item this week's net calendar arsenic investors stay torn astir immense capex commitments for the AI build-out.

US chipmaker Intel (INTC) volition besides connection important updates connected artificial quality demand, portion IBM (IBM) volition supply a fuller representation of its Q2 results aft its banal plunged connected pre-announced earnings. Rounding retired the docket this week are reports from General Motors (GM), AMC Entertainment Holdings (AMC), GE Vernova (GEV), AT&T (T), Lockheed Martin (LMT), and American Express (AXP).

The 2nd 4th reporting play kicked disconnected past week with a question of slope net from JPMorgan (JPM), Morgan Stanley (MS), Citigroup (C), and their Wall Street peers. While the banks reported robust profits, Netflix's (NFLX) net disappointed arsenic its forecast fell abbreviated of estimates.

Overall, it's shaping up to beryllium a beardown net play for the S&P 500 (^GSPC). According to FactSet data, analysts estimation the year-over-year S&P 500 net maturation complaint for the 2nd 4th volition beryllium 24.7% — supra the five-year mean of 16.4% and the 10-year mean of 10.3%.

If that holds, it volition people the 2nd consecutive 4th of net maturation supra 20% for the scale and the seventh consecutive 4th of double-digit growth.