economy
January 23, 2026
Megacap earnings next week could lift a stock market that’s broadening out. Here’s what’s ahead
Earnings kick into high gear next week with four behemoths set to report: Meta Platforms, Microsoft and Tesla on Wednesday and Apple on Thursday.

TL;DR
- Megacap tech companies, including Meta, Microsoft, Tesla, and Apple, are scheduled to report earnings next week.
- These companies have seen declines from their 52-week highs, potentially lowering earnings expectations.
- The stock market has been broadening, with small caps outperforming large caps year-to-date.
- More than 65% of S&P 500 stocks are outperforming the index, a historically strong trend.
- The Federal Reserve's policy meeting is expected to conclude with interest rates held steady.
- Investors will focus on Fed Chair Jerome Powell's post-meeting remarks for clues on future policy.
- There are questions surrounding Fed independence due to political pressure on its leaders.
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