Investing.com - The Nasdaq 100 index, dominated by U.S. technology stocks, may set a record high next week, helped by good earnings from Apple (O:AAPL) expected on Tuesday.
Technology shares led the U.S. stock market's recovery last week from its worst correction in four years in August, thanks to gains in Alphabet (O:GOOGL), Amazon (O:AMZN) and Microsoft (O:MSFT), after the three companies reported better-than-expected earnings results.
Factors this coming week that may provide further support for U.S. stocks include a Federal Reserve policy meeting, which is not expected to raise interest rates yet, a report on U.S. third-quarter economic growth, and earnings from Apple.
Apple is expected to report $51.1 billion in revenue, a 21.3% increase compared to the same quarter of last year. Earnings are seen at $1.879 per share.
The Nasdaq 100 index, including Apple, is just 1.5% below its year high and 4.0% from its record high back in March 2000.