Earnings live: Cisco stock drops after outlook disappoints, AppLovin sinks, Equinix surges

Core Insights - 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] - Analysts had initially expected an 8.3% increase in earnings per share, which was revised upward due to strong performance from tech companies [3] Earnings Reports and Trends - As of February 6, 59% of S&P 500 companies have reported their fourth quarter results, indicating a solid earnings season [1] - The significant capital expenditures by major tech companies are influencing the market, particularly in relation to artificial intelligence [4] - Upcoming earnings reports from notable companies such as Coca-Cola, Spotify, and Ford are anticipated to provide further insights into market trends [4]