Overnight trading saw stock futures rise as investors responded positively to the earnings announcements from Meta Platforms.

Futures of the Dow Jones Industrial Average rose 90 points to 0.28%. S&P 500 futures gained 0.8% and Nasdaq 100 futures rose 1.3%.

These moves were made as Meta’s shares rose more than 18% in just hours after a beating on earnings and a missed on revenue. It is possible that investors are beginning to see some relief from the over-extended tech sector. As the result of the announcement, shares fell 48% compared to the prior year.

Qualcomm’s shares rose 5.6% on extended trading thanks to strong earnings. PayPal climbed 5%, even though it issued weak guidance in the second quarter.

SoFi’s Liz Young said Wednesday that while many people believe earnings will pull them out of their current predicament, earnings were not the reason we got into it. “… “…

After-hours activity was triggered by volatile trading sessions that saw Nasdaq Composite fall to 2022’s lowest point. Stocks were hoping to rebound from the tech-driven April selloff. Since April’s start, the index has fallen more than 12 percent.

After rising to 1.7% on session highs, Wednesday’s trading saw the tech-heavy Nasdaq close at 12,488.93 in regular trading. The Dow Jones Industrial Average rose 61.75 points, or 0.2%, to 33,301.93 propped up by gains from Visa and Microsoft, while the S&P 500 added 0.2% to 4,183.96.

Investors are eagerly awaiting big tech results on Thursday, including those from Amazon, Apple and Twitter. On Thursday, jobless claims will also be released.