A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here . London (CNN Business)Earnings from some of the biggest US technology companies could push the market to new highs as talk of a stock bubble continues to ripple through Wall Street. What’s happening: Investors who think soaring valuations are grounded in reality point to future profits from the likes of Apple (AAPL) and Facebook (FB), which report results from last quarter after US markets close on Wednesday. Solid numbers could bolster the sentiment that stocks are the place to be, especially compared to low-yielding bonds. Microsoft (MSFT) set the tone when it shared earnings after the market closed on Tuesday. The company exceeded Wall Street analysts’ expectations for quarterly revenue by nearly $3 billion and hit a three-month sales record. Shares are up 2% in premarket trading. Breaking it down: The pandemic continues to buoy Microsoft’s business, which — as my CNN Business colleague Clare Duffy reports — has been bolstered by sales of computers and gaming systems, as well as the cloud computing tools helping companies facilitate remote work. “These were blowout numbers that will be… Read full this story
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