Europe Elections, Jobless Claims in Focus for Coming Week

The majority of companies that have reported earnings so far have beat expectations. So far, 415 S&P 500 companies have reported earnings, with 67.5% of them topping expectations, and 8.9% meeting expectations, according to Thomson Reuters data.

The market will also continue buzzing about Facebook's upcoming initial public offering. Krosby thinks this may help the market.

"When you have a headline IPO such as Facebook, it helps give the market a positive tone," she said.

-- Written by Alexandra Zendrian in New York

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