Earnings season is entering its busiest phase, with roughly 160 S&P 500 companies reporting this week, including Alphabet, Microsoft and Amazon. More than 120 companies had released results by Friday, with about 83% beating earnings expectations, while concerns about artificial intelligence spending triggered a sharp Nasdaq sell-off on Thursday. Investors are looking for around 25% revenue growth at Alphabet, 16.8% at Microsoft and double-digit growth at Amazon, with particular attention focused on artificial intelligence infrastructure spending. Boeing will also report after the 737 Max 10 received certification, while Eli Lilly is expected to post more than 28% revenue growth and Caterpillar is likely to benefit from strong data-center demand.
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