By Dhirendra Tripathi

Investing.com — Tech drove stocks higher Thursday afternoon, lifting the Nasdaq and Dow to new heights as of mid-afternoon. 

Qualcomm Incorporated, NASDAQ:), a chip manufacturer, soared following its prediction of better-than expected revenue and profit in the current quarter. This was due to the high demand for chips used in everything mobile phone-related.

Game developers Electronic Arts Inc (NASDAQ: Take-Two Interactive Software Inc (NASDAQ) was also a winner as the boom in games demand helped each company increase its 2021 sales estimates. 

Positive earnings news comes just a day after everyone knew that the Federal Reserve would begin to reduce its monthly bond purchases and slowly wind them down until mid-next. However, rates were held steady by the central bank. 

We will receive the much-anticipated jobs report for October on Friday. This comes just a few days after the release of a private payroll report, and one day after the publication of new jobless claims dropped to non-pandemic levels. 

Additionally, Washington appears to have made some progress, with Democrats trying to rally support for a vote on the infrastructure and social spending packages that they had been working to negotiate for several months. 

Here are three things that could affect markets tomorrow: Hint, it’s all about the job numbers.

1. Are there many job opportunities?

The U.S. economy is likely to have added 450K workers in October, after grew at year’s slowest pace in September, adding only 194K jobs in that month.

The U.S. has recorded a second consecutive month of a pandemic-low. The September drop of 4.8% has seen it fall to 4.7%. Data will be released at 8:30AM ET (1230 GMT)

2. Hourly earnings

In October the average hourly earning in America is expected to rise 0.4%, as opposed to September’s 0.6%.

3. Earnings from DraftKings

DraftKings Inc. (NASDAQ:), third quarter revenue was $231.5 Million. The online betting site reported a loss at 98 Cents per share according to analysts from Investing.com.