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Wall Street Week Ahead: Apple, Facebook take the spotlight

NEW YORK (Reuters) – The trend of better-than-expected earnings will be put to the test in the coming week when investors hope Apple can exceed already high expectations for the tech giant and Facebook reports its first quarterly earnings. Apple accounts for a significant proportion of the overall earnings of Standard & Poor's 500 components. S&P 500 earnings are expected to show a rise of 5.7 percent in the second quarter from a year ago. Excluding the maker of the iPad, the rise is 4.8 percent, according to Thomson Reuters data. …

Quoted from Wall Street Week Ahead: Apple, Facebook take the spotlight on Gadgets News Headlines – Yahoo! News

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