Google, Microsoft, Amazon, and the Fed step up to a skittish market: What to watch this week

Jake Conley and Ethan Wolff-Mann Mon, October 26, 2026 at 3:00 AM PDT 9 min read

The first week of Big Tech earnings looked promising — until Thursday hit.

After SpaceX ( SPCX ), Meta ( META ), and Tesla ( TSLA ) opened their books without signaling ballooning spending next year, the reality that longer-term projects would, in fact, require the big bucks scared investors into a sharp reevaluation, sending the S&P 500 down nearly 2%.

That was enough to send the 10-year Treasury ( ^TNX ) down under the 5% mark despite oil prices shooting up to levels not seen since May.

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Big Tech's story continues this week, with Alphabet ( GOOG ) and Microsoft ( MSFT ) both reporting on Wednesday and Amazon ( AMZN ) following on Thursday.…