On Tuesday, the major average rose for the third day as stocks attempted a comeback from their dismal January.
Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%. Google-parent Alphabet rose more than 7% in extended trading after the company beat on the top and bottom lines for its quarterly results. Alphabet also announced a 20-for-1 stock split. Chip stock Advanced Micro Devices also gained on strong earnings, while Starbucks and General Motors dipped following their results. PayPal tanked 11% after hours after issuing disappointing guidance. On 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.
