Are We There Yet? Packed Week Rolls On With Amazon Next After Solid Facebook, Apple Results

Are We There Yet? Packed Week Rolls On With Amazon Next After Solid Facebook, Apple Results

If things don't already seem crazy enough, consider this: Eleven percent of S&P 500 companies report today. Everywhere you look, there are numbers, whether it's earnings or data. We continue to get great earnings. It's really amazing how Tech has shined, with Apple (AAPL AAPL ) and Facebook (FB FB ) the latest examples. Overall, more than 80% of reporting companies have beaten Wall Street's estimates. Amazon (AMZN) steps to the plate after the close. There are a lot of people asking if the market is overpriced, but at the end of the day, earnings drive stocks. The bar may be raised after this earnings season, which is why positive forward-looking statements are so valuable. Today's earnings blitz hit the pause button briefly when everyone checked their screens for the first government read on gross domestic product (GDP). Surprisingly, it came in a bit below the average Wall Street projection at 6. 4% vs. the expected 6. 5%. That's still a very solid number, but it does seem a bit anticlimactic after some people were talking about chances for 8%. Initial weekly jobless claims fell to 553, 000 from a revised 566, 000 the week before. That continues what's now