US COMPANIES HEAD INTO EARNINGS FACE HIGH EXPECTATIONS

U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for Wall Street technology heavyweights such as Nvidia and Microsoft. Stocks have rallied in recent weeks, partly on the view that tech-related megacaps and other U.S. companies can deliver earnings strong enough to support valuations.

The S&P 500 and Nasdaq fell from record highs on Thursday, however, with investors selling megacap names including Nvidia and favoring real estate, utilities and small-cap companies after a softer-than-expected U.S. inflation reading.

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