Big Tech’s Profit Machine Is Propping Up S&P 500 Earnings (2)

With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.

After slashing thousands of jobs to cut costs, the biggest US technology and internet companies are pumping out profits similar to those generated two years ago when the pandemic sent sales of digital services and electronic devices soaring. The expectation now is that they’ll help pick up the slack from industries like energy and health care that are still mired in an earnings slump.

WATCH: Big tech earnings start next week.

group: Big Tech. Boldface names including Amazon, Google and Microsoft all report earnings next week. Ed Ludlow reports.

The five ...