US tech giants' earnings rebut investor fears of stock plunge

Last week, major US technology companies, that dominate the S&P 500 Index, released their earnings reports. The results dispelled widespread investor concerns about potential market declines linked to the US administration's trade policies.

According to Janney Montgomery Scott experts, market participants were preparing for a first-quarter profit decrease. Currently, investors view the situation more positively. However, Bloomberg notes that the upward trend could falter at any moment due to persistent trade tensions.

Janney Montgomery Scott analysts recommend awaiting the next earnings cycle to assess sector trends following US tariff implementation.

Tesla has abandoned its initial assumptions about resuming revenue growth in 2025. Apple executives anticipate $900 million in additional costs this year due to trade tariffs.

Meanwhile, Bloomberg Intelligence reports that profits for the seven largest S&P 500 companies are projected to rise 21.6% in 2025, with revenues expected to increase 9.7%. Both indicators have surged over the past week.