Earnings season will march on next week but the majority of the S&P 500 has already reported. Watch for names such as Caterpillar (CAT), US Steel (X), Buffalo Wild Wings (BWLD), Baidu (BIDU), and Exxon Mobil (XOM) which report throughout the week.

Other then earnings, the most important event next week will be the FOMC meeting taking place Tuesday and concluding on Wednesday. The market will be waiting to see if the Fed changes the language to its statement, possible signaling a time to raise interest rates.