The S&P 500 climbed slightly on Wednesday, rising for a third straight day as investors digested a wave of corporate earnings.

The broad equity benchmark rose 0.1% to 3,830.17, supported by energy and communication services. 

Shares of Google’s parent Alphabet jumped 7.3% after the technology giant reported 23% revenue growth and topped estimates for earnings, boosted by Google’s recovering advertising business.

Amazon reported earnings that nearly doubled Wall Street estimates, while delivering its biggest revenue of all time at $125.56 billion, pushing it past the symbolic $100 billion mark for the first time. The ecommerce leader also announced that Jeff Bezos is stepping down as CEO. Amazon’s stock fell 2%.

Investors cheered a rebound in U.S. employment last month. A report Wednesday from payroll processing firm ADP showed private firms added 174,000 jobs in January, above the 50,000 Dow Jones estimate.

Earnings season continues on Wednesday with chipmaker Qualcomm, eBay, Paypal and Yum China reporting after the closing bell.

Plan A : Long only if market supported firm above 3819. Targets are 3834, 3849 and 3867.

Plan B : Short if market failed to support above 3819. Targets are 3794, 3767 and 3740.

Futures contracts tied to the major U.S. stock indexes were slightly lower during the overnight session Wednesday evening as Wall Street attempted to continue the S&P 500′s winning streak on Thursday.

The tech-heavy Nasdaq Composite dipped less than 0.1% to 13,610.54 amid a drop in Amazon shares.

The macroeconomic outlook remained in focus as traders prepared for the latest iteration of the Labor Department’s jobless claims report, due Thursday at 8:30 a.m. ET. Economists polled by Dow Jones expect first-time claims to total 830,000 for the week that ended Jan. 30.

If claims were to come in as expected, it would mark a slight reduction from the prior week's 847,000 initial claims.

The yield on the benchmark U.S. 10-year Treasury note rose about 3 basis points on Wednesday to 1.14%.