By Yahoo Finance
Publication Date: 2026-02-27 21:47:00
Fourth quarter earnings have slowed to a trickle after the blowout report from Nvidia (NVDA) capped results for the “Magnificent Seven” tech stocks.
With just 4% of S&P 500 companies left to report results, the index is tracking a 14.2% earnings growth rate for the quarter, which would mark the S&P 500’s fifth consecutive quarter of double-digit earnings growth.
Nvidia’s report was the marquee event this week, offering a crucial update on demand for high-tech AI chips — a big part of the hundreds of billions of dollars its Big Tech peers are spending on AI investments. Salesforce (CRM), Home Depot (HD), and Lowe’s (LOW) were among the notable companies reporting this week as well.
In the week ahead, a mix of retail companies, including Target Corporation (TGT), plus a number of others, such as CrowdStrike (CRWD), Broadcom (AVGO), Costco (COST), and Alibaba Group (BABA), will help round out the quarter.
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Block (XYZ) shares surged more than 22% in extended trading after Jack Dorsey announced the payments company would lay off nearly half of its staff as part of a major bet in artificial intelligence that came alongside the release of its fourth quarter earnings report.
“Today we’re making one of the hardest decisions in the history of our company: we’re reducing our organization by nearly half, from over 10,000 people to just under 6,000. That…
