The stock market is in the middle of a very important earnings season amid 40-year-high inflation and rising interest rates.

The financial results from some of the U.S.'s largest companies can offer hints about the health of the economy. So far, trillion-dollar technology giants Amazon (NASDAQ: AMZN), Google parent Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), and Microsoft (NASDAQ: MSFT) have reported strong but mixed results.

They have revealed some weakness in consumer products and e-commerce, but significant growth in one segment in particular: The cloud. The three companies are among the largest providers of cloud services in the world, and their second-quarter results suggest businesses are still investing heavily in digital technologies. 

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Source Fool.com