The overnight action followed a brutal week on Wall Street in the face of mixed company earnings and worries about rising interest rates.
The fourth-quarter earnings season has been a mixed bag. While more than 70% of S&P 500 companies that have reported results have topped Wall Street estimates, a couple of key firms let down investors last week, including Goldman Sachs and Netflix.
IBM is set to report numbers after the bell Monday. Investors will also digest a slew of high-stakes Big Tech earnings, including Microsoft, Tesla and Apple. Investors are dumping riskier assets this year as they brace for the Fed to tighten monetary policy. Bitcoin dropped more than 8% over the weekend to trade around $35,511 apiece, wiping out nearly half of its value at its record high reached in November.
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