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Growth will be the focus Tuesday as investors look for a continued bounce in equities amid minor reports, oil prices, earnings and surprising news out of Google.

The tech giant announced after the close Monday that it will become part of a new publicly traded entity called Alphabet. Shares will still trade under the tickers GOOGL and GOOG. Both classes of the stock jumped more than 6 percent in after-hours trade.

"That's going to be the topic of the day, and it's going to be difficult to see how it's going to work," said Art Hogan, chief market strategist at Wunderlich Securities.

Outside of individual stock moves, he said, "I think we're clearly shifting back to the macro."