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Story summary
- Alphabet, Microsoft, Amazon, and Meta will report first-quarter earnings on Wednesday, followed by Apple on Thursday.
- The four companies represent nearly $16 trillion in market value, about a quarter of the S&P 500’s capitalization.
- Their shares have risen more than 25% since the S&P 500 bottomed on March 30, driving a four-week rally that lifted the index 13%.
- Bloomberg Intelligence forecasts the Magnificent Seven’s Q1 earnings to grow 19%, beating the S&P 500’s 12% gain.
