By Dhirendra Tripathi

Investing.com — Strong earnings helped stock prices jump on Tuesday. Nike Micron, and the rebound in tech stock prices 

Omicron emerged quickly as the most prevalent coronavirus type in America, alarming investors. According to public health officials, 73% of the infections in the United States last week were caused by the Omicron strain. This is an increase from the 13% reported the previous week.

However, as European countries reinstate lockdowns on Tuesday, President Joe Biden stated that he didn’t intend to lockdown America and emphasized testing and vaccination.

According to the White House, 500 million home tests will be made available at no charge for everyone who requests them starting next month. The White House is also training military nurses and doctors to assist overwhelmed hospitals in dealing with winter surges of patients. 

Nike Inc (NYSE) was the top performer, surpassing quarterly estimates and providing a positive outlook for future supply chain developments.

Micron Technology Inc (NASDAQ) was a company that helped chipmakers surpass Wall Street’s revenue and profit forecasts. 

These are the three factors that will impact markets tomorrow.

1. Earnings at Carmax

CarMax Inc (NYSE: ) Wednesday will release its third-quarter results. According to Investing.com analysts, the company will report revenue of $7.28 Billion and profit per share at $1.47.

2. Output economics

A second reading of U.S. third quarter growth will likely show an increase of 2.1% annually, which is a small improvement on the October estimate of 2%. The second quarter saw a 6.5% increase. It will be available at 8:30 AM ET (1330 GMT).

3. Confidence among consumers

The consumer confidence, as measured by the Conference Board, is likely to have improved to 110.8 in December from November’s 109.5, according to estimates by analysts tracked by Investing.com. It will come out at 10:00 ET.