Earnings live: Kyndryl and Monday.com stocks tank, Cleveland-Cliffs slides, Chegg drops

Group 1 - The S&P 500 is projected to achieve a 13% increase in earnings per share for the fourth quarter, marking the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit growth [1] - Prior to the reporting period, analysts had anticipated an 8.3% increase in earnings per share, which was a decrease from the third quarter's 13.6% growth rate [3] - Recent adjustments in earnings expectations have been particularly favorable for tech companies, which have been significant contributors to earnings growth in recent quarters [3] Group 2 - Major capital expenditures by Big Tech are influencing the AI trade, alongside ongoing themes such as artificial intelligence, tariff policies from the Trump administration, and a K-shaped consumer economy [4] - Upcoming earnings reports from notable companies include Coca-Cola, Spotify, Robinhood, Lyft, Ford, Rivian, Moderna, Airbnb, and Coinbase, which will provide further insights into market trends [4]