Where Netflix goes, Big Tech may follow

Netflix Inc's (NFLX.O) quarterly results on Monday may offer an advanced preview of whether Facebook Inc (FB.O), Amazon.com Inc (AMZN.O) and other heavyweights behind much of the U.S. stock market's record-breaking rally can keep delivering. Wall Street on Friday shrugged off a looming U.S. government shutdown and propelled the S&P 500 to a record high as investors focused on upcoming quarterly reports. Many of the largest companies - Microsoft Corp (MSFT.O), Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Amazon.com - have outperformed the broader market in the first 13 trading days of 2018, with investors betting strong earnings growth will justify tech valuations at their highest levels in a decade.

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