European indices also reversed earlier losses to around 0.1% to 0.2%, although the DAX is still down 0.3% currently. But US futures remain higher with S&P 500 and Dow futures up 0.6%, while Nasdaq futures are up 0.8%.
Even if there is optimism, it may prove fleeting with earnings releases that focus.
It all depends on what companies will say about the state of the economy and the impact of inflation on business prospects. As Adam pointed out here, sentiment could very well depend on what JP Morgan CEO Jamie Dimon says later today.
Here is the full list of earnings schedule through the end of the month.