Markets Steady, Anticipating Corporate Earnings Flood

The S&P 500 and Nasdaq rebounded on Tuesday following a commodity sell-off, as investors prepared for a week filled with corporate earnings reports. While the Dow Jones Industrial Average experienced a slight drop, the S&P 500 and Nasdaq showed gains, indicating a positive market outlook.

On Tuesday, the S&P 500 and Nasdaq Composite opened higher, recovering from the previous session's commodity downturn. Investors are bracing for a wave of corporate earnings announcements this week, closely watching how companies will perform.

As of 9:30 a.m. ET, the Dow Jones Industrial Average showed a minor decrease of 11.18 points, or 0.02%, settling at 49,396.48. In contrast, the S&P 500 edged up by 10.37 points, or 0.15%, reaching 6,986.66, while the Nasdaq Composite rose by 79.04 points, or 0.34%, to 23,671.15.

This stabilization comes after the previous day's commodity sell-off, as market participants are eager to gauge the financial health and future guidance of major corporations through their earnings releases.

(With inputs from agencies.)