U.S. Markets close in 3 hrs 57 mins

Apple, Facebook Beats Good Signs for Earnings Reports

TheStreet

Alan Knuckman checks in with TheStreet.com from the Chicago Merchantile Exchange where he discusses big tech beats, from companies including Apple and Facebook, and what it means for earnings going forward. But there are plenty of more stocks left to report in the quarter, and analysts are looking for other social media and technology companies to impress on the top line. Elsewhere, the earnings picture is looking bright as well, with Thursday's early numbers reflecting beats. But, in the summer heat, the bull market rally could swoon -- Knuckman talks about his distressed picks, as well.