It's the busiest week of the earnings season, and it could have major consequences for the stock market. About 160 S & P 500 companies are slated to post their results, including Apple, Amazon and McDonald's . Pfizer is also on deck. Through Friday's close, more than 200 S & P 500 members had reported first-quarter earnings. Of those companies, 80% had beaten expectations, FactSet data shows.
That said, shares average only a 0.1% advance on earnings days. Amazon is set to report earnings after the close. A call with corporate leadership is set for 5:30 p.m. Last quarter: AMZN posted better-than-expected earnings as revenue jumped 14% year over year. This quarter: The e-commerce giant is expected to report more than 160% earnings per share growth from the year-earlier period, per LSEG. What CNBC is watching: Amazon shares have been on fire year to date, rallying 18%.
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