### Tech Earnings Push Stock Futures and Market Confidence Higher

Stock futures saw a rise on Tuesday night, signaling positive investor sentiment as traders braced for more earnings reports from major tech companies and awaited a significant economic growth update. Futures for the S&P 500 climbed nearly 0.2%, while those tied to the Nasdaq 100 rose by 0.1%. Dow futures also improved, adding 46 points or 0.1%.

The positive momentum followed a robust start to the week for tech giants. Alphabet, the parent company of Google, impressed Wall Street by surpassing analysts' expectations. The company's cloud services bolstered its quarterly revenue growth, driving its shares up by 5% in after-hours trading. Other tech firms also posted strong results; Snap saw its shares leap 8%, and Reddit experienced a 22% jump. Conversely, chipmaker AMD faced an 8% drop as its revenue guidance for the fourth quarter did not meet investor expectations, despite showing strong growth in its data center segment.

Major tech players Meta Platforms and Microsoft are slated to release their earnings reports on Wednesday, with Apple and Amazon following on Thursday. This spate of tech earnings comes as investors eagerly anticipate the preliminary reading of the gross domestic product (GDP) for the third quarter, scheduled for release on Wednesday. According to a Dow Jones consensus forecast, the report is expected to reveal a 3.1% annualized growth pace, a slight improvement over the previous period. Furthermore, it could indicate that inflation is moving closer to or below the Federal Reserve's 2% target.

Boosted by anticipation of these big tech earnings, the Nasdaq Composite reached a new record during Tuesday's trading session, advancing by 0.78%. The S&P 500 also gained 0.16%, while the Dow underperformed, slipping by 0.36%. Rob Haworth, a senior investment strategist at U.S. Bank Asset Management, noted that growth-focused stocks like the NASDAQ 100 regained their leadership position. He emphasized monitoring tech earnings closely to ensure ongoing investment in artificial intelligence and productivity tools remain strong, thus supporting future earnings growth. Haworth also stressed the importance of the upcoming GDP report to gauge the health of consumer resilience.

In after-hours trading, various companies made headlines. Chipotle Mexican Grill reported mixed quarterly results, causing shares to drop by 3%. The company posted adjusted earnings of $0.27 per share, beating estimates of $0.25 per share, but fell short on revenue, which came in at $2.79 billion against forecasts of $2.82 billion. Alphabet continued its upward trajectory, with shares gaining 4% after it exceeded Wall Street's expectations, reporting earnings of $2.12 per share on $88.27 billion in revenue. Visa also performed well, surpassing earnings and revenue expectations for its fiscal fourth quarter and raising its quarterly dividend by 13% to $0.59 per share, which pushed its shares up by about 1.5%.

The optimistic trend in stock futures emerged shortly after 6 p.m. ET on Tuesday, with Dow Jones Industrial Average futures up 51 points. This positive movement set the stage for a week filled with crucial tech earnings reports and a significant economic update, keeping investors on high alert.