Stocks post 4-day winning streak | Alphabet leads tech higher | Rough jobs data ahead?

The major averages kicked off February with gains.

VIEW IN BROWSER | SUBSCRIBE WED, FEB 02, 2022 EVENING BRIEF AS OF WED, FEB 02, 2022 • 04:29 ET DJIA 35629.33 +0.63% +224.09 S&P 500 4589.38 +0.94% +42.84 NASDAQ 14417.55 +0.50% +71.54   Most Active DOW NAME LAST CHG %CHG AAPL 175.84 +1.23 +0.70% INTC 49.51 +0.56 +1.14% MSFT 313.46 +4.70 +1.52% S&P 500 NAME LAST CHG %CHG AMD 122.76 +5.98 +5.12% PYPL 132.57 -43.23 -24.59% F 20.63 -0.03 -0.15% NASDAQ NAME LAST CHG %CHG AMD 122.76 +5.98 +5.12% PYPL 132.57 -43.23 -24.59% AAPL 175.84 +1.23 +0.70%   EDITOR'S NOTE Stocks rose for a fourth day Wednesday as strong earnings from mega cap tech companies reminded investors that fundamentals are still strong and those stocks may have been unfairly punished in the January rout.   The S&P 500 was the outperformer, with a gain of 0.9%. The Dow Jones Industrial Average jumped 224.09 points, or 0.6%, and the tech-focused Nasdaq Composite added 0.5%.   Google-parent Alphabet led the tech shares higher, climbing more than 8% after the company reported quarterly beats on the top and bottom lines. It also announced a 20-for-1 stock split. Several other big tech stocks rose, including Meta Platforms and Microsoft. Advanced Micro Devices jumped 5.1% after strong earnings and guidance. Qualcomm also rose 6.2% ahead of its earnings.   On the flipside PayPal shares tumbled 24.5% to end the stock's worst day ever, after the payments giant issued disappointing guidance for the current quarter.   Investors also shrugged off a surprise decline in private payrolls for last month. ADP said private jobs fell by 301,000 for the month of January, while economists polled by Dow Jones were expecting 200,000 were added. Tanaya Macheel | Markets and Investing Reporter @tanayamac Watch our live stream for all you need to know to invest smarter. TOP NEWS  Stocks rise for a fourth straight day as Alphabet fuels tech gains, Dow jumps more than 200 points Alphabet stock jumps on back of blowout earnings Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says Bob Jordan is now Southwest Airlines' new CEO. Here's what's on his plate Dr. Scott Gottlieb says it's time to consider dumping school Covid mask mandates PayPal shares dive 25% after company blames inflation for weak guidance AMC to raise $500 million in bond sale as it seeks to refinance debt CNN boss Jeff Zucker resigns, says he failed to disclose office relationship with former Andrew Cuomo aide U.S. to move 3,000 troops closer to Ukraine as Russia crisis escalates Some taxpayers have already received their tax refunds. Here's how to make sure yours isn't delayed   TOP VIDEO Kevin O'Leary say he's buying Meta shares ahead of earnings   CNBC PRO These Cathie Wood stocks look cheap after getting cut in half and could be buys from here   SPECIAL REPORTS The SPAC market starts 2022 with abysmal losses, abandoned deals Black Americans' lack of participation in the stock market likely to widen post-pandemic wealth gap   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