U.S. stocks were rising as Microsoft and Alphabet kick off tech earnings By Investing.com

The two tech giants are expected to report strength in their cloud businesses as businesses spend on tech. Analysts also hope to see an improvement in digital advertising, and they want to hear more about AI spending and strategy.

Investors have pushed the Nasdaq up 34% so far this year on the promise of AI technology to be the next transformative trend in the sector. Tech stocks are also getting a boost from expectations that the Federal Reserve is nearing the end of its interest rate increases, though it is expected to announce another quarter of a percentage point hike when its two-day meeting ends tomorrow.Investors will be listening closely to what Fed Chair Jerome Powell says during his press conference tomorrow for clues on the Fed’s next

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