The United States (US) stock market 'fly' when major technology companies post positive earnings, creating excitement among investors in the market.
On Tuesday yesterday, the market was mixed, with the Dow Jones index falling by 0.36%, while the S&P 500 and Nasdaq Composite managed to register gains of 0.16% and 0.78%.
Technology and communications stocks were the strongest performers, adding a positive impact to the market.
Alphabet (Google's parent company) saw a 6% jump in advanced trading due to strong growth in its cloud business.
Meanwhile, Snap and Reddit also performed well, with Snap up 10.6% and Reddit surging 24.8%, both reporting strong quarterly results.
However, AMD shares fell 7.6% due to lower expectations for its fourth quarter results.
Investors will be closely watching this week's upcoming earnings reports from the other big players: Meta and Microsoft on Wednesday, followed by Apple and Amazon on Thursday.
Additionally, the market awaits key economic updates, such as third-quarter GDP results, the PCE price index on Thursday, and the NFP jobs report on Friday, which are expected to provide more clues about the direction of the economy.
