On Thursday, Jan. 26, investors await quarterly earnings from Alphabet (GOOGL - Get Report) . Analysts expect Alphabet to post earnings of $9.64 a share on sales of $25.23 billion. During the same quarter a year ago, Alphabet posted earnings of $8.67 per share on sales of $21.33 billion.

Dow Chemical (DOW) , Baker Hughes (BHI) and Starbucks (SBUX - Get Report) also release earnings, along with automakers Fiat Chrysler (FCAU - Get Report) and Ford (F - Get Report) .

As for economic data, jobless claims will be released at 8:30 a.m. EST, and new home sales for December will be out at 10 a.m.