Reuters reports that the pressure is on for Amazon, Alphabet and Microsoft. This as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile. There are fears the companies present a danger of derailing Wall Street’s rally.
The S&P 500 remains down 5 percent from its Sept. 20 record high close. Top-shelf stocks including Amazon Alphabet Netflix and Facebook are showing little of their vitality from recent years.
A quarterly report from Microsoft Corp on Wednesday after the bell will influence sentiment across Wall Street. That report will be followed by Alphabet and Amazon late on Thursday.