On Monday, markets rebounded with the Dow up 515 points, S&P 500 up 37 points, Nasdaq up 130 points, and Russell 2000 up 24 points. Disney and other companies reported strong earnings. S&P Manufacturing PMI and ISM Manufacturing for January surpassed expectations, showing growth in the market.

After the bell, Palantir reported Q4 earnings above expectations with earnings of 25 cents per share and revenues of $1.4 billion. NXP Semiconductor also beat Q4 earnings estimates with earnings of $3.35 per share and revenues of $3.34 billion, but shares dropped 4.5%.

Tomorrow, expect the JOLTS report for December, S&P Services PMI, and ISM Services for January. Earnings reports from PayPal, Merck, PepsiCo, and Shopify are due before the open, while AMD will report after the close. The market continues to show signs of growth and positive momentum.

Read more at Nasdaq: Market Indexes Bounce Back to Start a New Trading Week