This upcoming week will be a huge one for earnings reports, with more than 190 members of the S&P 500 index delivering quarterly scorecards. All told, the reports will account for around 40 percent of the S&P's total value.
Thursday will be the busiest day, with nearly 70 reports due. After the closing bell, we will hear from such heavy hitters as Alphabet (Google''s parent), Amazon, Intel, Microsoft and Starbucks.
Of the 95 S&P 500 companies that have reported earnings so far this quarter, 75.8 percent have topped analyst forecasts, slightly above the recent four-quarter average of 71percent. Some 62.1 percent have topped analyst revenue expectations, well above the 53 percent average over the last year.