Futures linked to the S&P 500 rose Tuesday following a robust start for U.S. equities in the new trading month. S&P 500 futures increased by 0.1%, whereas Nasdaq 100 futures rose by 0.4%. Futures linked to the Dow Jones Industrial Average decreased by 36 points, representing a decline of less than 0.1%. Shares of Palantir Technologies surged 11% following the defense tech company’s impressive fourth-quarter financial results and optimistic guidance. Robotics play Teradyne experienced a remarkable 22% increase following the release of a robust outlook for the first quarter, projecting revenue that exceeded expectations.

Major stock averages experienced an upward trend across the board during the regular session. The 30-stock Dow surged approximately 515 points, reflecting a rise of 1.05%. The S&P 500 advanced by 0.5%, while the tech-heavy Nasdaq Composite saw an increase of nearly 0.6%. Stocks in the artificial intelligence infrastructure sector, including Sandisk, Western Digital, and Seagate, all concluded the session with gains. However, Nvidia fell nearly 3% after it is reported late last week that the chip company’s plans to invest in OpenAI have stalled. In the realm of cryptocurrencies, bitcoin has fallen to its lowest point since April, indicating a waning appetite for risk among investors. Futures linked to silver and gold also concluded lower on Monday. The metals experienced a significant sell-off on Friday.

Investors this week are analyzing the earnings results from over 100 S&P 500 companies. Advanced Micro Devices and Pfizer are among the companies anticipated to release their results on Tuesday. “Magnificent Seven” giants Amazon and Alphabet are expected to release their reports later this week. Tech earnings will be under scrutiny as investors seek indications of AI-driven efficiency and profit growth, especially following the market’s harsh response to Microsoft’s results last week.

“The themes that have been driving risk assets higher — the Federal Reserve obviously not tightening rates, probably reducing rates a little bit more this year, the strong economy and profit backdrop and the tariff story not getting worse … you still have those tailwinds in place,” stated Dan Greenhaus. “The AI story is still driving markets. I think when you put all of that together, you might get a little more volatile in February, but what’s driving the market is still there,” Greenhaus added.