After the tech-oriented average gained for the 3rd consecutive day, Nasdaq futures rose overnight on Tuesday.

Dow futures dropped 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.

Google parent Alphabet rose by more than 7.7% after extended trading. This is after Alphabet beat its bottom line and top results for the year. quarterly results. Also available in Alphabet announced a 20-for-1 stock split.

Chip stock Advanced Micro DevicesStrong earnings also contributed to the gains, Starbucks General MotorsFollowing their findings, the market sank. PayPal tanked 11% after hours after issuing disappointing guidance.

You can find more information here Tuesday, the major average rose for the third day as stocks attempted a comeback from their tumultuous January where the S&P 500 has its worst month since March 2020.

Thanks to Boeing’s 4.1% rise, the Dow Jones Industrial Average grew more than 220 points. The S&P 500 also registered a gain, climbing 0.7%. On Tuesday, bank stocks performed best.

As investors wait for key technology earnings, the Nasdaq Composite gained 0.75%.

Jim Paulsen (Leuthold Group chief investor strategist) said that the market had “strung together a few solid-up days.” Investors are beginning to question if the correction has been over, and this is raising concern that investors could miss an opportunity for a post-correction rally.

With key reporting by Meta PlatformsFacebook, previously known as. Qualcomm. AbbVie, D.R. Horton T-MobileEarnings will also be reported on Wednesday

So far this earnings season, more than 36% of the S&P 500 has reported and more than 78% have topped Wall Street’s expectations.

Paulsen added that “While earnings season started with disappointments last week but it has been more stable in recent days.”

The economic news front: Wednesday’s release of private payroll data at 8:15 AM is scheduled. Dow Jones economists expect that there were 200,000 more private jobs in January than they had previously estimated. December’s growthADP estimates that there are 807,000 private payrolls.

These major averages were able to recover from a volatile month, which was mostly due to the pivot of Federal Reserve. However, Fed members offered some reassuring comments that they did not wish their rate increases to cause disruption in the financial markets. They also stated that very few are interested in a 50 basis-point increase.