Goole's strong quarterly results last week have investors feeling confident heading into this week's release of technology-heavy financial reports.
Among the various tech companies releasing earnings this week are International Business Machines (IBM), Microsoft Corp and Apple - all of which are expected to show growth.
Craigs Investment Partners broker Peter McIntyre said the United States reporting season was due for its busiest week yet.
''It is a very light economic calendar in the US this week, although the reporting season should more than make up for this.''
There were 129 S&P 500 companies due to report this week, more than a quarter of the index, and he was expecting a busy week of news flow, Mr McIntyre said.
Apart from the large tech companies, Morgan Stanley, Coca-Cola, Caterpillar, Visa, Amazon and Roche would also report.
So far, 60 companies had reported - 12 % of the market - and 72% of those had beaten earnings estimates and 55% had been revenue estimates.
Big-name tech companies had provided the two largest reactions from investors for the current reporting season.
After Netflix reported stronger-than-expected subscriber growth on Wednesday last week, its shares increased 18%.
Google's results triggered the biggest one-day move in the stock in more than seven years as shares surpassed $US700 ($NZ1073) for the first time.
Investors would look closely at each major tech company's latest innovations to see if new platforms and tools had the potential to drive long-term growth,IBM will open the reporting week today, with the company's analytics tools and cloud platforms under scrutiny.
Apple and Microsoft will release their figures tomorrow.
Investors were confident Apple's iPhone would continue to generate major profits but analysts would be watching for the first official figures on Apple Watch, Mr McIntyre said.
''Some investors are looking to see if the watch can make up for lower growth of the iPad, which has faced numerous tablet competitors.''
In New Zealand, the major focus would be on the Reserve Bank's official cash rate announcement on Thursday.
Expectation was for the central bank to cut the OCR by 0.25% to 3%.
And there were some annual meetings this week of local companies, including AWF Madison, Xero, DNZ Property Group, Comvita and Trustpower.
At a glance
• US technology stocks will set the tone for week.
• Australian inflation to be announced tomorrow.
• Euro-zone Performance in Manufacturing Indices released.
• Reserve Bank set to cut OCR on Thursday.
• Local companies holding annual meetings.
