Facebook Q3, Alphabet Outlook, Microsoft Results: 3 Things to Watch By Investing.com – Investing.com

Facebook Q3, Alphabet Outlook, Microsoft Results: 3 Things to Watch By Investing.com – Investing.com

© Reuters.

By Dhirendra Tripathi

Investing.com -- Stocks rose Monday as investors prepared for an onslaught of corporate earnings reports, especially in big tech.

Tesla Inc (NASDAQ:) hit $1 trillion in market value after Hertz Global Holdings (OTC:) Inc (OTC:) announced it had ordered 100,000 electric vehicles for its rental fleet to be added by the end of next year. 

That was a boost to the overall. PayPal Holdings Inc (NASDAQ:)also helped by dropping an idea to buy the social media site Pinterest (NYSE:). 

Energy continues to surge ahead of a United Nations climate conference in Glasgow, Scotland, this weekend. Oil prices hit multi-year highs again on Monday, as producers only gradually add to supply while reopening economies are demanding more fuel. 

This week more than one-third of the S&P 500 will report earnings, starting off Monday evening with Facebook. After Snap Inc (NYSE:)’s earnings report last week, investors are worried that Facebook’s ad revenue will be hit by changes in privacy rules for Apple (NASDAQ:) device users, who now have to opt-in to see targeted ads from social media apps.

So far this earnings season, so good. Reuters reported that analysts