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Weekly Market Directions

US earnings stay strong

The US technology sector is leading earnings growth for Q4 but markets are no longer giving a free pass to these businesses.

Amundi bar chart titled “Strong US earnings growth continues” showing year‑on‑year S&P 500 growth by quarter: dark blue bars = earnings, light blue = revenue across Q4'24–Q4'25. Q4'25 labels visible (earnings 13.9%, revenue 8.8%), with axes, legend and source (Amundi LSEG, 20 Feb 2026).

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