Earnings matter for equities.
The bulk of the return from the S&P 500 comes from earnings growth, more so than dividends or valuation changes, according to Andres Garcia, CEO of Zoe Financial.
That's why this week is so important for the closely watched FANG group, which includes Facebook (FB) - Get Report , Amazon (AMZN) - Get Report , Netflix (NFLX) - Get Report and Alphabet/Google (GOOGL) - Get Report .
Alphabet reported better-than-expected quarterly earnings on Monday while the market awaits results from Facebook and Amazon later this week.
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