Tech giants’ earnings may be another test for markets at new highs

NEW YORK (Reuters) -Investors are homing in on a flood of earnings reports from Wall Street’s tech and Internet giants, as the high-growth stocks that have led markets higher for years face pressures from regulation, supply-chain snags and rising Treasury yields.

Apple Inc, Microsoft Corp, Google parent Alphabet Inc, Amazon.com Inc and Facebook Inc are all set to report earnings next week. Collectively, those five names account for over 22% of the weighting in the S&P 500, giving their stock moves enormous sway over the broader index.

Overall, companies representing 46% of the S&P 500’s market value are due to post quarterly results next week, according to Goldman Sachs.