By Dhirendra Tripathi

Investing.com — Shares rose Monday, as investors prepared to receive a torrent of corporate earnings reports.

Tesla Inc (NASDAQ 🙂 achieved $1 trillion in market capitalization after its initial public offering Hertz Global Holdings Inc (OTC) Inc (OTC) has announced that it ordered 100,000 electric vehicles to add to its fleet of rental cars by next year. 

This was an important boost for the overall. PayPal Holdings Inc (NASDAQ:) Also helped by dropping the idea of buying social media site Pinterest. (NYSE:). 

The United Nations Climate Conference in Glasgow (Scotland) this weekend continues to see energy prices rise. On Monday, oil prices reached multi-year records again. Producers are slowly increasing their supply and reopening countries demand more fuel. 

This week more than one-third of the S&P 500 will report earnings, starting off Monday evening with Facebook. Following Snap Inc (NYSE:)’s earnings report last week, investors are worried that Facebook’s ad revenue will be hit by changes in privacy rules for Apple (NASDAQ:) device users, who now have to opt-in to see targeted ads from social media apps.

So far so good this earnings season. Reuters reported that analysts expect S&P 500 earnings to rise 34.8% from the same period last year, citing data from Refinitiv.

Investors want to know how management handles supply chain challenges and increasing material costs. Kimberly-Clark Corporation, a maker of household papers products, has cut its profit outlook this year due to higher costs. 

Three things could impact the markets in tomorrow’s future:

1. Earnings at Facebook

Facebook Inc After Monday’s closing bell, (NASDAQ:), will release its third quarter numbers. According to Investing.com analysts, the social media company is expected to report a revenue of $29.58 trillion and a profit per share at $3.19.

2. Google earnings

Google-parent Alphabet (NASDAQ:) Inc Class C (NASDAQ:)’s third-quarter revenue is seen at $63.47 with profit per share coming in at $23.75. After the closing bell, it reports Tuesday.

3. Microsoft shares

Microsoft Corporation (NASDAQ) expects to post a $43.93 first quarter revenue and $2.07 earnings per share. Also, it reports Tuesday.