Stocks rise a third day | Alphabet, Microsoft earnings | ETFs to buy if the bottom is in for tech

The three major indexes posted a third straight day of wins.

VIEW IN BROWSER | SUBSCRIBE TUE, OCT 25, 2022 EVENING BRIEF AS OF TUE, OCT 25, 2022 • 05:10 ET DJIA 31836.74 +1.07% +337.12 S&P 500 3859.11 +1.63% +61.77 NASDAQ 11199.12 +2.25% +246.50 Most Active DOW NAME LAST CHG %CHG AAPL 152.34 +2.89 +1.93% INTC 27.41 +0.23 +0.85% MSFT 250.66 +3.41 +1.38% S&P 500 NAME LAST CHG %CHG TSLA 222.41 +11.16 +5.29% AMD 61.47 +2.77 +4.72% AAPL 152.34 +2.89 +1.93% NASDAQ NAME LAST CHG %CHG TSLA 222.41 +11.16 +5.29% AMD 61.47 +2.77 +4.72% AAPL 152.34 +2.89 +1.93% EDITOR'S NOTE Stocks rose again Tuesday for the third positive day in a row, marking the first three-day streak since September.   On Sept. 12, the three major indexes notched a four-session win streak. That day also marked the best close of the month for the averages. Investors say the rally is coming on growing optimism that new data could signal the economic slowdown the Federal Reserve needs to see to either slow down its rate hikes.   The tech-heavy Nasdaq Composite had a particularly strong performance as Wall Street gears up for a slew of its biggest names to report earnings. The first of those names, Alphabet and Microsoft, came out after the bell Tuesday. But investors vary over what to think of this rally.   Paul Zemsky, chief investment officer of multi-asset strategies and solutions at Voya Investment Management, said the new data and pullbacks in bond yields were like a rainbow after a storm and could signal that the markets have adequately priced in future rate hikes.   "We're seeing enough slowing in the economy that we don't have to worry about the Fed really raising rates beyond what's already priced," he said.   Nick Baron, senior investment specialist at Brainvest, said the current rally is likely a "head-fake," meaning the markets will probably go in the opposite direction soon.   Calling the streak just a "little bear market rally" on optimism of the Fed changing course, he said he's advising investors to stay put. He argues that it's better to miss the first few upticks coming out of a bear market than to see what happens if they didn't correctly calculate the bottom. Alex Harring | CNBC Markets Reporter @alex_harring Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks close higher for third consecutive day, Nasdaq adds 2.2% ahead of Big Tech earnings Alphabet misses on top and bottom lines as YouTube ad revenue drops in the quarter Home prices cooled at a record pace in August, S&P Case-Shiller says Microsoft beats but cloud growth comes in short 3 ETFs to buy if earnings confirm the bottom is in for tech stocks If this trend can hold up, it would spell good news for the stock market Adidas terminates Ye partnership, Gap removes Yeezy items over rapper's antisemitic remarks IAEA to inspect Ukraine sites for 'dirty bomb' evidence; Russian court upholds Griner's 9-year term Airlines have the passengers. Now they need the planes General Motors posts big third-quarter earnings beat but holds full-year guidance steady amid 'headwinds' TOP VIDEO Most CEOs are still of the belief the U.S. economy is pretty resilient, says Goldman Sachs president CNBC PRO Excessively cheap stocks that you can buy now, according to Trivariate Research SPECIAL REPORTS 'There is no clear answer.' How to decide between Roth and pre-tax retirement savings accounts World Series tickets in Philadelphia cost over $3,000 each—the second-highest price in a decade Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS