Stocks could get a boost Friday from Amazon's surprisingly strong earnings report, which comes as some key companies are clearly stumbling over the already lowered bar for earnings.
The e-commerce giant reported quarterly earnings of 19 cents a share, soundly beating expectations for a loss of 14 cents per share, on revenue of $23.18 billion, topping the estimated $22.39 billion. Shares of Amazon spiked nearly 20 percent in after-hours trade. Starbucks and Visa also beat on the top and bottom line.
After Thursday's deluge, Friday has relatively few earnings reports including Biogen, Johnson Controls, State Street, Rockwell Collins, American Airlines and VF Corp. On the data front, new home sales are reported at 10 a.m. ET and Markit's flash manufacturing PMI is released at 9:45 a.m. ET.