Amazon, Alphabet, and AMD report Q4 earnings; S&P 500 earnings growth estimates revised up to 13%

The fourth quarter earnings season continues with results from Alphabet, Amazon, AMD, Qualcomm, and Palantir. 59% of S&P 500 companies have reported, with a 13% increase in earnings per share estimated. This would be the 10th consecutive quarter of annual earnings growth and the fifth consecutive quarter of double-digit growth. Analysts have raised earnings expectations, especially for tech companies. This week's earnings reports include Disney, Chipotle, PepsiCo, Uber, and Snap.