The five largest companies in the S&P 500 Index by market capitalization—Apple Inc. (AAPL), NVIDIA Corp. (NVDA), Microsoft Corp. (MSFT), Alphabet Inc. (GOOGL), and Amazon.com Inc. (AMZN)—are projected to report an average earnings growth of 19% for the third quarter of 2024. This marks a significant decrease from the 35% growth seen in the same quarter last year. The earnings growth of these companies, often referred to as the 'Magnificent 7' alongside Meta Platforms Inc. (META) and Tesla Inc. (TSLA), is notably higher than the broader S&P 500's anticipated growth of 4.3%. Alphabet is set to report its earnings on Tuesday, followed by Meta on Wednesday, and both Microsoft and Amazon on Thursday. The sequence of these reports is expected to influence market expectations for the subsequent earnings announcements.