Entering the earnings cycle and coming off a series of high-profile releases, including "Call of Duty: Modern Warfare II" and several other big titles, expectations were high for Activision Blizzard.

Citing manufacturing disruptions in China and a softening economy that hurt iPhone sales, Apple reported its worst December quarter performance in four years on Thursday.

On Tuesday, Oil major BP joined its peers by cashing in on soaring oil and natural gas prices since Russia's invasion of Ukraine, posting a record profit of $28 billion in 2022.

During the fourth quarter, Adult Happy Meals and other limited-edition products boosted traffic at McDonald's restaurants despite higher prices, beating Wall Street earnings and revenue estimates in its latest earnings results.

On Wednesday, shares of Meta Platforms Inc. soared 20% amid fourth-quarter revenue that beat Wall Street estimates, while Chief Executive Officer Mark Zuckerberg called 2023 the "Year of Efficiency."

Bolstered by high commodity prices, rising energy demand, and a well-timed strategy to invest in its Permian Basin assets, Exxon reaped a record $56 billion profit that surpassed fourth-quarter estimates, keeping the stock's upward momentum going.

As customers hold back on tech spending amid gloomy market conditions, Intel Corp. gave one of the most dismal quarterly forecasts in its history.

On Wednesday, International Business Machines Corp. delivered an upbeat annual sales forecast while joining the wave of companies making layoffs, saying it would eliminate 3,900 employees from its workforce.

Even as it gave mixed signals on the outlook for growth in vehicle deliveries, Tesla reported better-than-expected profits in the latest quarter.

On Tuesday, Microsoft Corp. sparked a relief rally for the cloud before the stock retreated after management announced lackluster guidance for the technology giant's third quarter.

On Thursday, Netflix Inc. reported earnings in the fourth quarter, announcing substantially more subscriber gains than Wall Street expected, sending its shares up 6.3% post-market despite a big earnings miss.

The main highlights in a holiday-shortened week will be US earnings and retail sales as investors closely watch to see if US companies can beat estimates amid fears that higher costs are squeezing profit margins.

Citing weak demand, Taiwanese Semiconductor Manufacturing Co. said Thursday that it expects revenue in the current quarter to drop as much as 5% and could cut this year's capital expenditures compared with the previous year.

This week, Micron Technology Inc., the largest memory chipmaker in the US, reported fiscal first-quarter results that reached the low end of its guidance for both revenue and profits.

Lifted by price increases and cost-cutting that helped make up for package volume decline, FedEx Corp. reported fiscal second-quarter earnings that beat analysts' expectations.

Lauding its success in clearing through a hefty inventory pile, Nike on Tuesday reported quarterly results that easily topped analyst expectations while raising its guidance.

On Thursday, Adobe announced fourth-quarter earnings and gave guidance that exceeded Wall Street estimates. While the stock is down 42% so far this year, shares of the software company rose 6% in extended trading following the results.

On Monday, shares of Oracle Corp. climbed as much as 4% after the software company posted second-quarter revenue nearly $200 million above its own guidance.

Chipmaker Broadcom Inc. reported solid fiscal fourth-quarter earnings, with EPS of $10.45 coming in better than Wall Street estimates of $10.28, indicating that demand from the data center industry and corporate customers remain strong.

On Wednesday, meme stock GameStop reported its steepest quarterly drop in revenue, missing Wall Street projections as the gaming retailer continues efforts to boost digital purchases and turn its business around.

Shares of Cisco, the biggest maker of machines running computer networks and the internet, rose about 5% in extended trading Wednesday after reporting fiscal first-quarter results that beat analysts' estimates.

Chip designer and computing firm Nvidia assured investors on Wednesday that demand for its artificial intelligence and data-center chips remains strong, even as the company continues to struggle with a slowdown in the personal-computers market.

Walmart's stock surged on Tuesday after the world's largest retailer by sales reported quarterly earnings that smashed expectations, indicating demand for groceries holds up despite higher prices.

It's been a challenging week for Roblox, with its stock plunging more than 20% Wednesday after the online video game company reported a larger-than-expected loss for the third quarter.

On Wednesday, Beyond Meat Inc. reported tumbling sales and growing losses as rising freight and raw material costs eat into its margins.