Combined income: A woman’s umbrella turns inside out as she walks past the Nasdaq MarketSite during a snow storm in Times Square, New York. Despite the recent quarterly hiccups, combined net income of five largest tech companies Apple, Amazon, Microsoft, Alphabet and Facebook – totalled US$40bil in the third quarter, 38% above the same period two years ago. — Reuters
HONG KONG: Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than US$1 trillion since October.
Now the world finds out if the rally made any sense.
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