Seventy S&P 500 companies are reporting earnings this week, including Meta Platforms and Tesla. The S&P 500 and Nasdaq Composite fell last week as investors rotated out of tech stocks over concerns about mounting debt from the AI build-out. Meta is expected to post 460% growth in earnings per share, while Tesla is forecast to see a 14.5% drop in earnings and nearly 1% decline in revenue. Netflix and General Motors are expected to report 40% and 30% earnings per share growth respectively. Roughly 85% of the 45 S&P 500 companies that have reported so far have beaten earnings estimates.
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