heading into firstquarter earnings wall street expected a bumpy ride but big tech’s rebound helped soften the landing and analysts believe it will take similar support to save results ahead the tech industry’s growth disappointed analysts through much of 2022 as digital demand sputtered after surging early in the covid19 pandemic leading to a wave of layoffs but since then investors have largely done a 180 as companies like chip maker nvidia corp nvda have ridden ai hype through the stratosphere while apple inc aapl put up a surprise increase in iphone sales microsoft corp msft in april offered an upbeat offered an upbeat outlook sending shares higher amazoncom inc amzn faces concerns about its cloudservices revenue but its stock has been up since its earnings anyway against that backdrop wall street’s secondquarter profit expectations have grown more pessimistic for all but two industries over the past three months according to a factset report published on thursday those two segments were factset’s sp 500 information technology sector which includes microsoft apple intel corp intc and nvidia and communication services with constituents including alphabet inc googl  meta platforms inc meta and netflix inc nflx  those estimates only rose modestly 13 and 17 respectively but factset senior earnings analyst john butters said in thursday’s report that microsoft apple intel and nvidia were all “substantial contributors” to keeping the index’s profits from falling more amazon part of the consumer discretionary sector was also a “significant” contributor on that front factset still expects the 500 companies that make up the index to post a 64 earningspershare decline in the second quarter overall but even as inflation continues to tamp down consumer demand wall street analysts expect a rebound in the second half of the year and expect the index to eke out a 12 pershare profit gain for the year overall still largely on the back of big tech rvmaker thor industries inc tho reports this week amid a slowdown in rv demand elsewhere results from united natural foods inc unfi whole foods’ main distributor jm smucker co sjm and campbell soup co cpb will offer context on the trajectory of grocery prices online fashion marketplaces stitch fix inc sfix and rent the runway inc rent will also report following mixed results from other clothing makers or retailers gitlab inc gtlb and docusign inc docu also report during the week the call to put on your calendar littleknown companies higherincome consumers wealthier consumers have helped buoy sales trends at nordstrom inc jwn  urban outfitters inc urbn and even walmart inc wmt  as higher prices for necessities intensify the search for discounts this week companies like premium winemaker duckhorn portfolio inc napa and skiresort operator vail resorts inc mtn could lend further insight on how those customers are living and spending at the moment duckhorn has noted the “resilience of our customers” and said it has benefited from wine’s “premiumization” but vail has noted that weather conditions in parts of the us haven’t always made for great skiing both companies report on thursday gamestop sales stock price ‘zelda’ bump videogame retailer gamestop corp gme reports firstquarter results on wednesday the results as they have been for the past two years will be a checkin on memetrader enthusiasm which helped catapult the stock to new highs in 2021 wedbush analyst michael pachter in a research note on friday said the chain faces an array of challenges from moves toward mobile gaming and subscription software as well as a sales shift toward lowermargin hardware but he said the company was tightening up on costs and he said nintendo co ltd’s 7974 new blockbuster game “the legend of zelda tears of the kingdom” led to lines outside of gamestop stores and could “conceivably drive north of 75 million of new software sales for gamestop” in the second quarter